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Retirees: 2 Sneaky Ways Taxes Could Affect Your Social Security Benefits


Even in retirement, taxes may be unavoidable. Not only are your retirement account withdrawals sometimes subject to income taxes, but you could owe taxes on your Social Security benefits, too.

Social Security taxes can be tricky, but if you're not prepared for them, they could take a significant bite out of your monthly income. There are two types that could affect your benefit amount, but they won't apply to everyone. Here's what you need to know.

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Source Fool.com


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