Latest News
Taxation of Social Security Benefits–A Reminder of How the Process Works
The deadline for filing 2024 income tax returns is still more than two months away, but for those receiving Social Security benefits, now’s a good time for a refresher on how the taxation of those benefits is applied. A post today by The Senior Citizens League (TSCL) Charman Edward Cates explains how Social Security benefits factor into the income tax liability process, including a bit of history on how this level of taxation came about decades ago. Cates’ post, which you can read in full here, also describes the efforts TSCL is making to lessen this part of the tax burden currently levied on America’s seniors.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.