Avoid Taxes on Social Security With This Key Retirement Decision

Avoid Taxes on Social Security With This Key Retirement Decision

Millions of seniors today collect Social Security, and for some of them, it's their main source of income. Whether you'll pay taxes on Social Security at the federal level will depend on your total income. If those benefits are your sole income source, you'll usually get out of taxes, but if you have multiple income streams, taxes could come into play.