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Are Social Security benefits taxed?
Do you have to pay income taxes on your Social Security benefit? About 40 percent of people who get Social Security must pay federal income taxes on their benefits. However, this usually happens if you have other substantial income in addition to your Social Security benefits. Substantial income includes wages, earnings from self-employment, interest, dividends, and other taxable income that must be reported on your tax return. Ashley Soriano and Patrick Djordevic answer questions on taxes and your Social Security benefit. Read their article here…
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