In my experience, there is typically a high level of confusion when it comes to understanding how Social Security benefits are taxed (consumers AND many finan ...

As mentioned above, each payment includes both taxable interest and tax-free return of your premium. The exclusion ratio depends on how long you’ve held the annuity, how much interest you’ve ...

Currently, the interest on PPF is 7.1 percent per annum.

so you only need to report half of the interest earned. If one person in a couple is taxed at a lower rate than the other, it might make more sense for the lower-rate payer to hold the savings in full ...