[[ Funny that there is form that anyone on SS can have taxes taken out of the monthly checks, but IRS has not figured out a way to do it. SS agency yes it is here. Now, dont we have to pay income tax on all of our ss?]]This has NOTHING to do with the taxability of your SS benefits. All it does is allow you to have federal taxes withheld from your SS benefit payments. But those withholdings may or may NOT be enough to cover the taxes due on your SS benefits. Don't get lulled into sleep thinking that simply asking for withholding on your SS benefits will absolve you of any additional tax liability. It doesn't work that way. It's just an additional source of withholding. That's all. If you would like to read more about the tax issues with regard to SS benefits, you can read my post on that issue in the Taxes FAQ area.TMF TaxesRoyWant to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. It'll help you with your 1998 taxes, and it's never to early to start planning for your 1999 taxes. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
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