Colorado
Colorado still taxes Social Security benefits, but some retirees may qualify for substantial deductions to reduce or eliminate their tax liability. Colorful Colorado has a smart way to do things, and there are different levels of tax breaks based on age. In the end, older retirees benefit the most, and this is an amazing thing.
For retirees age 65 and older, Colorado allows a deduction of up to $24,000 of federally taxed Social Security benefits from taxable income. These deductions allow many seniors to dramatically lower the amount of Social Security income due to the state’s flat tax on income rate, which is 4.25% for the 2025 tax year.
The good news is that for the 2025 tax season, a new bill has passed, and legislation will allow retirees aged 55 to 64 to deduct up to $75,000 of Social Security benefits from taxable income, a significant increase from the former $20,000 limit.
All states should drop SS taxes as we paid those taxes including Federal taxes. SS should not be taxed period.
I agree , SS benefits should not be taxed. We earned this when we were working . This is the main reason why we get taxed while working so that we have money to draw from when we retire and no longer able to work . That money comes from us who got taxed when we were working . If I’m not mistaken , I’ve heard in the news that Trump is recommending this . I got excited when I heard this .I really hope it will go thru.
Agree with Joanne
no tax on social security
I dont think We retires se should pay taxes on out social security mais is ridículo low i get less them 800 Who can leave with 800 dollars? Thats ridículos We work all out livrs lives too get that amouth . We the prices everything cost thats not even enough for food for a whole month . No i dont agredir in payng taxes on social security .