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Social Security’s Special Tax Rule for Repaying Benefits: Amount of Repayment Determines Method

Increasingly, some financial advisers are encouraging their retirement-age clients who have no immediate need for extra income to repay Social Security benefits they’ve already received and reapply for benefits later when they will be worth more. But what if those Social Security benefits have already been taxed? Is there a way to recoup taxes on benefits that are later repaid? Read More…

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