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Social Security – 85% will be taxable
Dan $19,824 – taxable $19,824*85%=$16850
Stevie 9,252 – taxable $9,252*85%=$7864
Total expected TAXABLE income - $70357
Assuming standard deduction, no dependents, no other deductions, and you both are under 65 – estimated tax liability $6900 minus $800 make work pay credit = ~$6100.
If you both are above 65 – estimated tax liability would be ~$5780.
So – if your income tax withholding is expected to be $9,866 – that will cover your liability and you will have a refund.
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