The Most Shocking Social Security Rule

The Most Shocking Social Security Rule
Photo by Scott Graham / Unsplash

This is insane.

This social security rule is very shocking and many people do not know about it. Many individuals who are planning to retire do not know about this rule and are very shocked when it is applied.

Many individuals do not know that their benefits that they receive can be taxed. Many individuals did not know that these benefits can be subjected to income tax depending on how much benefit one can receive. Once a person's provisional income reaches $25,000 the government is allowed to tax them from their social security benefits.

These thresholds are not considered high and effect many individuals who are collecting social security income. Experts recommend that those who get taxed from their benefits should find a separate source of income to offset this tax.