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How is Social Security taxed
If you feel inflation has eroded your Social Security benefits, you are not mistaken, but that is not the only reason. Although the government will regularly adjust many things for inflation, one thing they have not since 1984; is the federal income threshold to determine if you’ll have to pay taxes on your Social Security benefits. Medore Lee explains why taxes take a bit of more individual’s Social Security benefits each year. Read Ms. Lee’s article here…
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