Are Social Security benefits taxable? While many Americans don't have to pay tax on their Social Security benefits, they can be included in your taxable income in certain circumstances. In this video, Certified Financial Planner® Matt Frankel discusses how taxes on Social Security benefits work and whether they could possibly be going away in the not-too-distant future.
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Some of your Social Security benefits can be subject to federal tax, but there's more to the story.
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Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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