New Mexico
One amazing thing is that New Mexico updated its tax policy on Social Security benefits, and now even if they tax them, it is more favorable for retirees. New legislation has introduced higher income thresholds, exempting many retirees from paying state taxes on their benefits.
If you are one of the single filers, Social Security benefits are fully exempt from state taxation if your annual income is $100,000 or less. If you are married and you are filing jointly with your spouse, Social Security benefits are not taxed for couples earning up to $150,000 annually.
These thresholds are an amazing solution, but higher earners will still need to pay taxes on a part of their benefits.
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 .