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Will You Have to Pay Taxes On Your Social Security Benefits?
Manage episode 365247967 series 3428540
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Have you heard that you're going to be taxed on the Social Security benefits you receive? Or have you heard that they're never taxed at all? Many people have no idea what to expect.
This is because sometimes a recipient's Social Security benefits will wind up being taxed under certain conditions, while others may never pay a dime on their benefits at all, even if they receive the maximum amount allowed. confused yet? You're not alone.
When might your benefits be subject to income tax? How much will actually be taxed if that's the case? And most importantly: what can you do about it? Find out more with podcast host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!
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