Think Social Security Benefits Are Tax-Free? Think Again.

When you're planning how much income Social Security will provide, it's important you understand how much of your benefits you'll get to keep.

Unfortunately, many Americans make a big mistake in this regard because they assume their benefits won't be taxed due to the fact these are earned benefits received through the Social Security taxes on their wages throughout their careers.

Sadly, this mistake could be very costly. Here's why.  

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Source Fool.com