7 Things You Should Know About Taxes on Social Security – AARP

December 8, 2024

In 2023, income taxes on benefits added $50.7 billion to the Social Security trust funds, accounting for about 3.8 percent of Social Security’s revenue — the vast majority of which comes from payroll taxes levied separately on most U.S. workers’ earnings.

https://www.aarp.org/retirement/social-security/info-2023/social-security-taxes.html

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