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I am a pensioner and don't pay tax but tax is being deducted from my savings - is this right?
Wiki User
∙ 11y ago
Contact the bank where your savings account is located.
They probably do not have your correct Social Security Number (SSN) on file or they do not have a signed certification of your SSN on file or there has been some clerical error. If a bank does not have a signed certification of your SSN on file, then they must withhold 28% of your interest payment for taxes.
If taxes are being withheld, be sure to file a tax return even if you are not required to. That is the only way to get a refund of the taxes that were withheld in error.
Wiki User
∙ 11y ago
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What do you call an old Old Person?
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Go to any bank. They'll fix you right up.
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1 answer right now
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are there any coupons that are for Winn Dixie?
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If you borrowed money from a parent in Georgia by law can they require you to repay it to their estate or have it deducted from your inheritance?
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