Stay in Touch
Get sneak previews of special offers & upcoming events delivered to your inbox.
Sign in
12-30-2024 06:57 PM
@Lakelife62 wrote:Don't hold your breath, would be my advice.
@Lakelife62 I have proof and can prove that the took out the funds if and when it comes down to it
12-30-2024 07:03 PM
@I am still oxox wrote:
@Lakelife62 wrote:Don't hold your breath, would be my advice.
@Lakelife62 I have proof and can prove that the took out the funds if and when it comes down to it
What I meant was there will most likely never be a repeal of tax on social security. The little person will always come last. So you probably won't have to worry about it at all.
12-30-2024 07:24 PM
I don't have taxes taken out, instead I put the tax amount in a savings account that pays 4.5 % interest. I don't see any reason the government should have my money prior to filing my return..
12-30-2024 07:48 PM - edited 12-30-2024 08:15 PM
Maryland doesn't tax S.S. benefits (I was shocked to discover) But it does tax IRA withdrawals and has estate taxes. I was shocked as Maryland is a highly taxable state. It's always been on the richest state list ever since they had them because of taxes and that congress has private homes here and the closeness to D.C. Also Maryland is not a tax friendly place for retirees. It's not like Florida's aging population.
12-30-2024 09:31 PM
Not to worry. It will never happen! No matter what was said
12-30-2024 10:17 PM
@occasionalrain You have to pay quarterly estimated taxes to the IRS or you are charged a penalty. Even if you have paid your taxes by the due date.
12-30-2024 10:44 PM
it was just his normal sales pitch.
12-30-2024 11:09 PM
12-31-2024 07:43 AM
My state stopped taxing Social Security and pension payments in 2022. I don't have any state withholding on them - but I do have federal withholding taken out.
I inherited some stock that had to be sold before dividing among the 7 of us siblings. This is taxable so I had state withholding taken from my portion.
12-31-2024 08:34 AM
Rather than dealing with the SS bureaucracy to set a withholding, why not do quarterly estimates? That way you have control.
Get sneak previews of special offers & upcoming events delivered to your inbox.
*You're signing up to receive QVC promotional email.
Find recent orders, do a return or exchange, create a Wish List & more.
Privacy StatementGeneral Terms of Use
QVC is not responsible for the availability, content, security, policies, or practices of the above referenced third-party linked sites nor liable for statements, claims, opinions, or representations contained therein. QVC's Privacy Statement does not apply to these third-party web sites.
© 1995-2025 QVC, Inc. All rights reserved. | QVC, Q and the Q logo are registered service marks of ER Marks, Inc. 888-345-5788