Withholding Income Tax Request for Social Security Benefits

by | 2023-05-01 | Accounting & Tax

Form W-4V: Voluntary Withholding Request

If you have been employed in the U.S. for a long time and are retired and receiving a pension from the federal government, you may voluntarily apply to the federal government for tax withholding.

A lot of taxpayers do not want to pay additional income tax with the individual income tax return filing. Give or send Form W-4V to your local Social Security Administration (SSA) office.

How much can you have withheld?

You can decide depending on your income level and tax rate level – 7%, 10%, 12% or 22% of your social security benefit.

Withholding Tax Image

How to stop withholding?

To stop withholding tax, you need to fill out Form W-4V and give or send it to your local SSA office.

Local Social Security Administration Office

You can find your local SSA office on the SSA’s website.

https://www.ssa.gov/locator/

Social Security Benefit Form Image

For an instruction and to download the Form W-4V, go to

W-4V Form For detailed instructions and to download the form, please visit this website.

https://www.irs.gov/forms-pubs/about-form-w-4-v

 

Muso & Co. provides a wide range of support services for Social Security Benefits in the United States. Please use the form below to contact us for further information.

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Contact Information

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323-526-9700

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contact@musoco.net

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P.O. Box 1785, 245 W. Garvey Ave, Monterey Park, CA 91754