Beware of a stealth tax on Social Security benefits
- Details
- Published: Tuesday, 12 March 2024 13:58
- Written by Phillip Strickler, CPA.CITP
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you have, up to 85% of your benefits could be hit with federal income tax.