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TAX PLANNING

Your Social Security Benefits May Be Taxed

By The BIDaWIZ Team on November 16th, 2012 at 10:00 am

For years, taxpayers are subject to social security taxes on the income they earn. It may seem ironic that when they decide to start taking social security benefits, that income is likely taxable should they still receive income from other sources. The government argues that there isn't a tax on those taxes, which is why benefits may be taxable later on in life. Will your social security benefits be taxable when you retire? .
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