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3 Tax Rules Every Retiree Needs to Know


If you're retired or close to retirement,  it may come as a surprise to discover that your tax obligations don't disappear just because your paychecks stop coming in. Depending on your income sources in your later years, you may still owe a hefty amount to the IRS.

Planning for this is crucial to ensure your tax bills don't eat into your limited income and make affording the basics impossible. To confirm you're prepared for what you'll have to pay, here are three tax rules every retiree must know. 

Image source: Getty Images.

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Source Fool.com


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