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Taxes in Retirement: How are Social Security Benefits Taxed Thumbnail

Taxes in Retirement: How are Social Security Benefits Taxed

You’ve worked hard, paid into Social Security, and now it’s time to enjoy your well-earned benefits in retirement. But wait—are they really tax-free? Well, like many things in life, it depends! Whether or not your benefits will be subject to federal income taxes depends on a specific formula.

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