A shock for many retirees: taxes on Social Security

Some end up owing federal income taxes.

View in browser|nytimes.com Continue reading the main story December 30, 2023 With or without any changes to the way Social Security benefits are counted, taxes in retirement can have a significant effect on how much money retirees can spend and how long their money lasts. Michael Adno for The New York Times Some older Americans are surprised to learn how much tax they owe on their benefits. → Sign up for the Your Money Newsletter Every week, get tips on retirement, paying for college, credit cards and the right way to invest. Get it in your inbox Continue reading the main story ADVERTISEMENT Continue reading the main story Need help? Review our newsletter help page or contact us for assistance. You received this message because you signed up for updates from The New York Times. To stop receiving From The Times, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018