What You Need to Know About Social Security and Taxes

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 Find out what your tax liability could look like in retirement. Hector Pertuz / Shutterstock.com

As you prepare for retirement, it’s essential to understand what your taxes will be. You may think your Social Security benefits are tax-free. After all, why would the government pay you money with one hand and take it back with the other? But the truth is, you may pay taxes on your Social Security benefits if you have other sources of income in retirement. At a certain level of overall income…

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