Myth: Social Security Income Can’t be Taxed

Many people are excited that Trump is looking to remove taxation of SSA benefits, but they don’t realize those taxes are part of what funds those benefits. It will be interesting to see what prevails . . . just in case you’re planning to claim your benefits in 2025 – be aware that currently those benefits will likely increase your taxable income.

(More states are phasing out tax on ssa benefits & are now down to eight that still do.)