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Will Your Stimulus Check Increase Your Tax on Social Security Benefits?

March 10, 2021

From the Kiplinger website

We’ve had two rounds of stimulus checks so far – and another round is right around the corner. It’s nice getting unexpected money, and for some people it’s a life saver. Whatever your situation, we hope you’re able to put the money to good use.

ut many seniors are wondering how these stimulus checks are going to impact their taxes – especially the tax on Social Security benefits. April 15 will be here before you know it, so you’ll need to file your 2020 tax return soon if you haven’t done so already. You sure don’t want an unpleasant surprise when you do file your return. So, if you’re a retiree, hopefully we can put your mind at ease about stimulus checks and taxes on your Social Security benefits.

From → Finance

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