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Retirement tax questions
@Jbob5 yes, based on your other income, up to 85% of the social security income is subject to tax.
I would not necessarily think of it as "again". Think of it as the money you contributed to SS over the years was invested and the dividends / interest / earnings on those contributions are now part of your monthly SS payment you receive; you never paid tax on that portion. Technically, it is not invested, but think of it in that manner.
2 weeks ago