Question: Which statement is true regarding reporting Social Security Benefits? a ) These benefits never need to be reported on the tax return. b ) If
Which statement is true regarding reporting Social Security Benefits?
a These benefits never need to be reported on the tax return.
b If Social Security benefits are the only source of income, they are often not taxable, and a tax return may not be required.
c If there is additional income such as wages, interest, dividends, or other taxable income a portion of the Social Security benefits might be subject to tax.
d Both b and c
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