Are Social Security Benefits Taxed After Age 66?

Americans are eligible for Social Security Benefits beginning at the age of 62. However, most seniors will often wait for a later age to start collecting their benefits. This is especially true because the longer they wait, the more benefits they will receive.

Social security benefits are taxable, but it depends on various factors including age and income. Some states assess their taxes differently and therefore, it may depend on where you reside.