Most Americans pay into Social Security through payroll taxes, but benefits in retirement may be subject to taxes. While most states have eliminated Social Security tax, eight states still tax benefits. The rules vary by state, with some offering tax credits and exemptions for lower-income retirees. Federal taxes apply based on “combined income,” with up to 85% of benefits taxable. Strategies to maximize Social Security benefits could boost retirement income by $23,760 annually. Learn more about these “Social Security secrets” to retire confidently.

Read more at Nasdaq: Is Your State 1 of the 8 That Tax Social Security?