The Millstone Times March 2020

As We Age

You have always been there for your mom, and now GoldenYears Care is here for you

Tax Withholding Estimator Helps Retirees Figure Tax on Social Security Benefits The new Tax Withholding Estimator, launched in September 2019 on IRS.gov, includes user-friendly features designed to help retirees quickly and easily figure the right amount of tax to be taken out of their pension payments. The mobile-friendly estimator replaces the Withholding Calculator. The estimator has features specially tailored to the unique needs of retir- ees receiving pension payments and Social Security benefits. The new tool offers retirees, as well as employees and self-employed in- dividuals, a more user-friendly way to check their withholding. Whether they receive wages or pension payments, it helps taxpayers estimate if the right amount is being withheld from their income to cover their tax liability. The estimator uses a simple, six-step question-and-answer for- mat using information like marital or filing status, income, withholding, adjustments, deductions and credits. A retiree can use the estimator to enter any pension income or Social Security benefits they or their spouse receive. The tool then automatically calculates the taxable portion and incorporates it into an overall estimate of their projected tax liability and withholding for the year. If a withhold- ing change is needed, the retiree can choose a tax due of close to zero or a refund amount. The estimator will then link to FormW-4P, Withholding Certificate for Pension or Annuity Payments, and give the retiree a specif- ic withholding recommendation based on the option chosen. It also gives instructions on how to fill in each line of the form. For more information call BEST CRUISES at 800 576 2378 or visit www.bestcruises.com PARKS & CANYONS SPECTACULAR 14 - DAY | RAPID CITY TO LAS VEGAS Visit America’s most beautiful National Parks and landmarks on this FULLY ESCORTED TOUR Featuring Mount Rushmore, Black Hills, Little Bighorn, Yellowstone, Bryce Canyon, Zion, Grand Canyon, AND MORE! September 18 th to October 1 st , 2021

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Medicaid/J.A.C.C. Covered Service

Call UsToday For ATour or Info! (732) 851-6640 www.GoldenYearsCareNJ.com • Medical AppointmentTransportation • Around-the-clock attention • Physical & OccupationalTherapy In House • Free Door-to-DoorTransportation • Delicious Food Options (Spanish, Russian, Italian & more) • Onsite & Offsite Activities: (Ping Pong, Zumba, Shopping Excursions, Museums, Crafts,Trips to the Shore and much more) • Onsite Hairdresser Serving Monmouth, Middlesex & Ocean Residents Conveniently off Rt 33 and NJTurnpike Exit 8 108Woodward Rd. Manalapan, New Jersey If your loved one needs care during the day, trust GoldenYears Care to put them in good hands!

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