About one-third of all people receiving Social Security benefits have to pay taxes on their benefits. You will have to pay taxes on your benefits if you file a federal tax return as an "individual," and your total income is more than $25,000. If you file a joint return you will have to pay taxes if you and your spouse have a total income that is more than $32,000. If you are married and file a separate return, you probably will pay taxes on your benefits.
To have federal taxes withheld, you can get a Form W-4V from the Internal Revenue Service by calling the toll-free telephone number, 1-800-829-3676, or by visiting our website. After completing and signing the form, return it to your local Social Security office by mail or in person.
For more information, call the Internal Revenue Service's toll-free number, 1-800-829-3676, to ask for Publication 554, Older Americans' Tax Guide, and Publication 915, Social Security and Equivalent Railroad Retirement Benefits.
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