4 Ways the Government Could Take a Slice of Your Social Security Checks

The government takes money from you for Social Security throughout your working life, and that doesn't always end when you receive your first benefit check. You'll keep most of it, but if any of the scenarios below apply, you'll have to give a share back to Uncle Sam. 

The federal government taxes any Social Security recipient if their provisional income exceeds $25,000 for a single adult or $32,000 for a married couple. Your provisional income is your adjusted gross income (AGI) plus any nontaxable interest you have and half your annual Social Security benefits.

Image source: Getty Images.

Continue reading


Source Fool.com