What You Need to Know About Social Security Taxation

You paid into Social Security for decades, but your benefits may still be taxed in retirement—here’s how it works and how to lower the bill.

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After spending your whole life working hard and paying the payroll taxes that partially fund Social Security benefits, you may finally be ready to dip your hand in the cookie jar. But Uncle Sam could also be coming for a bite.

In fact, up to 85 percent of your Social Security benefits could be taxed. This could be a shock to many, considering how important these funds are to Americans.