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"No tax on Social Security" is not real — benefits can still be taxed up to 85%, and what you actually got is a temporary $6,000 deduction per person ($12,000 per couple, worth about $720 a year at a 12% bracket) that expires after 2028 and phases out above $75,000 single / $150,000 joint. Follow US Money Guide for daily money tips!

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Educational content, not financial advice.

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