The Traderszone Network

Published in TZ Latest News 29 January, 2017 by The TZ Newswire Staff

19 Million Americans Pay Tax on Social Security Benefits. Will You Be One of Them?

To get Social Security retirement benefits, you have to work for at least 10 years, and therefore many retirees see their Social Security checks as something they’ve earned. Yet that doesn’t stop Uncle Sam from taking its cut of your benefits in the form of income taxes. Not everyone on Social Security has to pay tax, but those who do can end up having to include as much as 85% of their benefits as taxable income on their tax returns.

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