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Taxation of Social Security – Understanding the Process is Important
As individuals lay out their post-retirement financing plans, it’s important that they have a full understanding of the income tax code as it applies to their anticipated Social Security benefits. With a growing number of people working after starting their Social Security participation, it’s important to be aware that as much as 85% of this benefit can be subject to ordinary income tax. This www.mysanantonio.com post by Motley Fool’s Dan Caplinger takes a detail look at the process. Read the article here…