I have a question about how my social security will be taxed.
I was downsized from employment in February 2024. My total income from the job was $33,156. Taxable wages are 30,633. Federal withholding was $4358.
I reached full retirement age in the same month February 2024.
My SS payment will be $2345 if I take it anytime in 2024. It goes up to 2520 in January 2025.
I was told by SS that the payments in 2024 are retroactive to February so if I start later in 2024 I still get paid starting from February.
SS: 2345*11 months = 25,795
Full time job: 33,156
Side gig teaching: 2000
Pension: 2556 annual
Total withholding: 4358
MY QUESTIONS:
What is my total federal income tax?
How much of the SS benefit will be taxed?
I am a WI resident.
Single
I was downsized from employment in February 2024. My total income from the job was $33,156. Taxable wages are 30,633. Federal withholding was $4358.
I reached full retirement age in the same month February 2024.
My SS payment will be $2345 if I take it anytime in 2024. It goes up to 2520 in January 2025.
I was told by SS that the payments in 2024 are retroactive to February so if I start later in 2024 I still get paid starting from February.
SS: 2345*11 months = 25,795
Full time job: 33,156
Side gig teaching: 2000
Pension: 2556 annual
Total withholding: 4358
MY QUESTIONS:
What is my total federal income tax?
How much of the SS benefit will be taxed?
I am a WI resident.
Single
Statistics: Posted by oakbluffs — Wed Jul 31, 2024 10:05 pm — Replies 3 — Views 400
