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December 14, 2022
Question

Spousal benefits 7%,10%, 12%, 22%?

  • December 14, 2022
  • 3 replies
  • 0 views
as to how much tax to have taken of my check

3 replies

VolvoGirl
Employee
December 14, 2022

Out of what checks?  Social Security or retirement?  It depends on all your income.  

Employee
December 15, 2022

If you would ask a complete and more detailed question it would be easier to help you.  We do not know what benefits you are referring to, or what exactly you are trying to do.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
SteamTrain
Employee
December 15, 2022

7%, 10% 12% and 22% are the "set"  voluntary withholding levels for those getting SS benefits.

 

Yeah...if you are just starting to get SS, it REALLY depends on how much taxable income you and your spouse expect to get for the next full year.   and whether either of you will still be working.....or getting other pension $$ too?

 

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
VolvoGirl
Employee
December 15, 2022

If it is for Social Security you should be aware......

Up to 85% of Social Security becomes taxable when all your other income plus 1/2 your social security, reaches:

Married Filing Jointly: $32,000

Single or head of household: $25,000

Married Filing Separately: 0