Originally Posted by taxforum
It is very common that FIT is withheld on Social Security.
I have helped many clients plan for retirement, and figure out how much in taxes they will be paying after they retire. It comes as a shock to many people that up to 85% of their Social Security pension might be included as part of their taxable income. Some clients even believed that their Social Security would be entirely tax-free. Better to plan ahead than be left with a surprise at tax time. You should figure out the taxable portion of your Social Security benefits.
Thanks again ... I just went back to the forms they were mailed the other day in regards to the Social Security payment totals for the year ...
For Voluntary Federal Taxable Income ... it states "none"
There is nothing else that mentions paying anything over the year as Federal Tax, just want they earned in SS over the year 2007 ...
Did they indeed pay $0 in Federal Income Tax or is there some other method we must try in order to find the actual amount paid in FIT?