Retiree Tax Tip: Tally Taxes on Social Security

Up to 85% of your Social Security benefits may be taxable depending on your income in retirement.

(Image credit: Copyright 2013 Robyn Mackenzie)

As you start to figure out your tax burden for 2018, don’t forget that Uncle Sam wants a piece of your Social Security benefits. And it’s hard to avoid the tax because the income thresholds are low and not adjusted for inflation.

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