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Tax Benefits - Financial Aid & Scholarships | ETS | Eastern Kentucky : For many individuals, social security benefits comprise a portion of their retirement income.. There are many things to learn to become an expert (this is why we have accountants), but the essentials actually are. If you're a homeowner, one of the expenses that you have to pay on a regular basis is your property taxes. A tax collector may not be a friend to all but someone has to do the job. The tax treatment of your social security. The collection of taxes allows the government to provide a number of services critical to society.