Will Your Stimulus Check Affect Taxes on Social Security Benefits?
Most Social Security beneficiaries this year received a financial windfall in the form of their COVID-19 stimulus check. While these coronavirus payments didn't provide a ton of money, they were valued at up to $1,200 per qualifying adult and $500 per eligible dependent, so they did increase household income for many Social Security recipients.
If you're one of the many people who received one, you may be wondering how the extra money will affect any taxes that you may owe on your Social Security benefits in 2020. Here's what you need to know.
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Source Fool.com
