Withholding Taxes from Your Social Security BenefitWithholding Taxes from Your Social Security BenefitIf you choose, you can have taxes withheld from your Social Security benefit. Here's how to do it:Complete IRS Form W-4V (Voluntary Withholding Request)Choose the percentage of your monthly benefit you want withheld: 7 percent, 10 percent, 15 percent, or 25 percentSign and return the form to your local Social Security officeIRS Form W-4V is also used to stop or change your withholding should you choose to do so later.
If you choose, you can have taxes withheld from your Social Security benefit. Here's how to do it:
IRS Form W-4V is also used to stop or change your withholding should you choose to do so later.
The 360 Degrees of Financial Literacy Web site offers general information for managing personal finances and does not recommend specific financial actions. For financial advice tailored to your situation, please contact an expert such as a CPA or a personal financial advisor.
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