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[9 Feb 2012 | No Comment | ]

From www.irs.gov website: IRS Tax Tip
 
Many people may not realize the Social Security benefits they received may be taxable. All Social Security recipients should receive a Form SSA-1099 from the Social Security Administration which shows the total amount of their benefits. You can use this information to help you determine if your benefits are taxable. Here are seven tips from the IRS to help you:
1. How much – if any – of your Social Security benefits are taxable depends on your total income and marital status.
2. Generally, if Social …