How Can Seniors Reduce Their Social Security Taxes?

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How to Lower Social Security Taxes

Even if you’re retired, Uncle Sam may not be done with you yet.

Many seniors pay taxes on Social Security benefits, and some signs point to those costs rising.

These tax rates can depend on a variety of factors including your marital status, income level, and even where you live.

Considering charitable contributions and Roth accounts can help you reduce your tax burden, allowing you to keep more of your money and get the retirement life you want. Some seniors may even consider moving in order to keep their earnings and enjoy this well-deserved time.

How do taxes impact your Social Security benefits? Have you taken steps to reduce your bill? Tell us about it here or on Facebook or Twitter.