How the IRS taxes Social Security - Forbes Advisor

“Nothing is certain but death and taxes. ”Yes, despite paying taxes your whole working life, your Social Security benefits remain taxable as long as you live. However, the amount of taxes you may owe on those benefits depends on several factors including, income from wages, self-employment income, investment income, and other taxable income. Those Americans who only receive Social Security benefits typically will not have to pay any taxes on their benefits. Also, they may not be required to file a tax return at all. Kemberley Washington explains how the IRS taxes Social Security and how you can potentially minimize them. Read Ms. Washington’s article here…

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