It is often forgotten that Social Security benefits can be taxed. In fact, up to 85% of an individual’s benefits can be taxed as income. The amount taxed will depend on how much is being earned from other income sources. For more information on income taxes Social Security beneficiaries may face, check out this article here from Dave Ramsey’s website.
We at Senior Security Alliance know this taxation of benefits is wrong. Senior citizens deserve financial security; that is why we are against taxing benefits as income. For more information on how we are fighting for senior citizens, check out our bill.