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Taxation of Social Security Benefits…More Thoughts on the Issue

One of the more unpleasant surprises for new retirees, and one of the continuing annoyances for those who have been long-retired, is the simple fact that Social Security benefits can be subject to federal income taxation. And it’s becoming a bigger issue each year: the most recent Social Security Trustees’ report noted that program revenue from this taxation is expected to grow in 2022 by more than $10 billion, because more and more filers are finding themselves over the thresholds that were established decades ago. A post by MarketWatch’s Alessandra Malito provides context on this issue…read her post here.

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