Have a Tax Question? Ask a Tax Expert
Hi. My name is ***** ***** I will be happy to help you.
Is your social security benefits only income you have? What other income do you have?
Than you do not need to pay any taxes or have anything withheld. You are not going to have any taxable income and you don't even need to file a tax return. Who told you you need to have taxes withheld?
Your total social security income is about 21K. The entire amount is excluded from your taxable income which means your tax liability is 0.
Your sister pays taxes on her social security because of her pension and her husband's income. That's not your case. If you have anything withheld you will need to file a tax return just to get your withholdings back. You can save on tax preparation fees by not having anything withheld.
Up to 85% of your social security income can be taxable if
you file a federal tax return as an "individual" and your combined income (your other income + 1/2 of your SS benefits) is
more than $34,000, up to 85 percent of your benefits may be taxable
Well, this is a different issue. If you owe back taxes, you make estimated payments or request an installment agreement. You do not request withholding. Withholding without filing a tax return will not be credited towards your balance due and if you do not file a tax return within 3 years you will loose them and your balance due will still be the same.
Did you have your returns prepared by a professional tax preparer or you just accepted what the IRS claimed you owe?
Do you have any questions?