Friday, September 7, 2012

Federal retirement benefits and taxes

Title: Tax Issues You Could Face in Retirement

Article Snip: "...If you owe taxes on your federal retirement benefits, you can either make estimated tax payments or have the tax withheld from your regular benefit checks. You can choose to have 7%, 10%, 15% or 25% withheld. To authorize the withholding, file Form W-4V, Voluntary Withholding Request, with the Social Security Administration...."

Reference: www.foxbusiness.com
Federal retirement benefits and taxes

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