16 February 2022

Does the Third Stimulus Check Affect Social Security Taxes?

Worried senior sitting in bed
Monkey Business Images / Shutterstock.com

Everyone loves a free check. Seeing Uncle Sam drop money into your bank account last year likely stoked your patriotic spirit. But is there a downside to that unexpected money from the third round of stimulus payments? Specifically, if you are a senior, is it possible that stimulus money could push up your income to the point where you suddenly owe taxes on your Social Security benefits or see...



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