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7 EFFICIENT Tips to Lower Your Social Security Taxes

January 19, 2023 · Updated June 8, 2023 · Enjoying Retirement
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Photo by fizkes from Shutterstock

Stay away from municipal bonds

Municipal bond interest, which technically isn’t even subject to income taxes, is also included in the formula that establishes whether you’ll pay taxes on your Social Security benefits.

So if you avoid munis, it might lower your combined income, and even help you avoid paying taxes on any of your benefits.

How do you feel about any of the things you’ve just read? Do you think there’s something that might help you in the future? If you have other related subjects that might interest you, don’t be afraid to write them down in the comments section! If you enjoyed reading this piece, you could also try: 8 Myths About Homebuying That Will Cost You a Fortune

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