Bill Aims to Make Social Security Benefits Tax-Free

U.S. Representative Angie Craig
Joe Ferrer / Shutterstock.com

For many retirees, Uncle Sam gives with one hand and takes away with the other. But that could soon change. A bill introduced in the U.S. House of Representatives would exclude Social Security benefits from being classified as federally taxable income starting in 2023. Currently, about half of people receiving Social Security pay taxes on their benefits — if this passes, they would no longer do so.

https://www.moneytalksnews.com/slideshows/bill-aims-to-make-social-security-benefits-tax-free/

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