India, March 6 -- Millions of Americans relying on Social Security for their retirement income are increasingly searching for ways to reduce taxes on Social Security as part of a financial trend this tax season.

According to the IRS, federal rules currently allow up to 85% of Social Security benefits be taxable based on combined income thresholds.

However, retirees can use several legal planning strategies to increase their Social Security income and reduce the bite of taxes.

Additionally, if you wait until you are 70 years old to apply for Social Security, you can receive the maximum benefit; however, if you are careless, you might wind up paying a lot of taxes on that income.

Some states do not tax your Social Security benefits or a...