Is Social Security Taxed? Here's What You Need to Know

If you’re already drawing Social Security — or if you plan to start doing so in the near future — you might be wondering: Is Social Security taxed?

Tax experts say it’s an important question, especially because many Baby Boomers who are currently receiving Social Security benefits are also still in the workforce and earning income. The answer is not that simple: Social Security benefits are taxed for some people, but not others.