Social Security

A close-up image of a Social Security application form clipped to a clipboard. A pair of eyeglasses and a blue pen rest on top of the form.

How to Avoid a Large Tax Bill: Withhold Taxes from Social Security Benefits

Social Security Considerations Have you elected Social Security benefits? Although some Americans pay zero tax on Social Security benefits, many are subject to income tax on a portion of benefits, with a maximum of up to 85% of benefits paid. If you receive other sources of income (such as wages, interest, dividends, IRA distributions, and pensions), you may be surprised to find out your total income can result in a higher portion of Social Security

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Two hikers stand on a mountain peak, smiling and taking a selfie. They wear backpacks and casual hiking attire. Behind them stretches a landscape of lush greenery, the vast ocean under a partly cloudy sky, reminding them that moments like these are nature's social security, enriching their lives deeply.

A Bird’s Eye View of Social Security

Social Security Defined Social Security is a social insurance program administered by the United States federal government to pay benefits to qualified individuals. Social Security retirement benefits are paid monthly, providing income for the life of the retiree. These benefits are calculated based on credits earned per a worker’s wages and can be increased or reduced depending upon the age at which benefits begin. Generally, the longer an individual waits to elect benefits, the greater

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