Showing posts with label Federal retirement benefits and taxes. Show all posts
Showing posts with label Federal retirement benefits and taxes. Show all posts

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