Taxable Social Security Benefits: What You Need to Know for Your Taxes
Philadelphia, PA – There is often confusion surrounding the taxation of Social Security benefits, leaving many taxpayers surprised and frustrated. The complexity lies in the fact that the taxability of these payments depends on various factors, including the type of income tax being discussed. For tax purposes in the State of Ohio, Social Security benefits are not considered taxable income. Similarly, the state has provisions in place to exclude these benefits from state tax calculations. …