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Registered
Join Date: Dec 2002
Location: Dahlonega , Georgia
Posts: 15,195
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SS tax question
I am going to meet with a tax advisor but there is a lot of knowledge on this board so figured I would ask here also . My wife and I are both retired , she has a pension and her SS . I have my pension and my first SS check will arrive the middle of next month .
When my wife filed for her SS we decided to have 12% withheld for federal tax . I pulled that % right out of my butt 😊 . I wanted to get my first check before filing an amendment to have taxes taken out of mine . I personally think maybe we should both have 10% taken out .
Everything we own is free and clear so our only bills are utilities and general living expenses . I really don't care if we get a refund at the end of the year but I don't want to owe . So for those of you that are retired and drawing SS are you having taxes withdrawn ? How did you determine the right percentage ? I know this is very generic and again I will meet with a tax professional . Thanks in advance for your advice .
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2002 Boxster S . Arctic silver + black top/int. Jake Raby 3.6 SS engine " the beast ". GT3 front bumper, GT3 side skirts and GT3 TEK rear diffuser. 1999 996 C4 coupe black/grey with FSI 3.8 engine . Rear diffuser , front spoiler lip with ducktail spoiler .
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