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These 5 Income Sources Are Taxable in Retirement, so You'd Better Plan Around That

These 5 Income Sources Are Taxable in Retirement, so You'd Better Plan Around That

Unless Social Security is your only source of retirement income, there's a good chance you'll wind up having to pay taxes on some or most of those benefits. The income thresholds at which federal taxes for Social Security kick in are pretty low -- and they haven't changed in decades. In addition, there are 12 states that impose their own taxes on Social Security benefits.