For millions of retirees, Social Security makes up the largest share of their retirement income. The majority pays no federal income tax on their benefits. But if you have income over certain thresholds, your benefits could be taxable. This is a separate issue from the earnings limit if you work and receive Social Security benefits. Ask your employer for our tip sheet on Social Security and Work. Also, check out www.aarp.org/retirement for resources to help you plan for retirement.
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