Paying Taxes on Social Security Benefits: 3 Things Retirees Must Know Before 2024
Social Security is a major source of retirement income for millions of Americans, so retirees must understand what factors could affect their benefits. For instance, contrary to popular misconception, Social Security benefits are subject to taxation under certain circumstances.
Read on to learn how benefits are taxed at the federal and state levels, and why more retired workers will have to pay taxes on their Social Security benefits in 2024.
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Source Fool.com
