Many retirees are surprised to find that their Social Security benefits may be subject to taxation. Understanding the IRS rules and income thresholds can help you better manage your finances and avoid unexpected tax liabilities.

A fter years of paying into the Social Security system, many seniors are surprised to learn that the benefits they receive after retirement may be subject to federal income tax. T

Many states exempt Social Security benefits from state income tax. But Vermont is one of the nine states that taxes Social Security benefits as they are taxed at the federal level