A Shock for Many Retirees: Social Security Benefits May Be Taxed – The New York Times
Social Security benefits were not taxed at all until 1984. Then in 1993, Bill Clinton signed a law that expanded tax thresholds and made up to 85 percent of benefits taxable for recipients with total income of more than $34,000 ($44,000 for co-filers). Anyone who earns less could have to pay tax on up to … [Read more…]