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Taxation of Your Social Security Benefits…A Quick Review

Yes, it’s a fact. Yes, it’s an irritant that affects more than half of all Social Security beneficiaries. It’s been called nonsensical double taxation that curtails retirement benefits seniors have been promised. But still, the fact remains that your Social Security benefit is indeed likely to be subject to federal income tax when you file your return. And, on top of that, some states–13 in total–can hit you with a tax on the same benefit. The Motley Fool’s Christy Bieber provides a quick refresher on exactly how this tax creeps up on you. Check it out here…

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