What about Social Security?
Since 1983, Social Security payments have been a constant subject of taxation by the federal government. Sure, just how much of an individual’s benefits might get taxed might vary, depending on their combined income, nontaxable interest, and also half of their Social Security benefits and filing status.
However, it’s worth noting that no matter how much it will show at the Internal Revenue Service calculation, the amount will never exceed 85% of the total benefit. Here’s a list of states that impose a tax on Social Security:
Why can’t Virginia be one of the; NO TAX STATE!!! Is it because it’s so close to D.C.???
Well arkansas and irs taxed the hell out of my 401k…that’s a dmn shame we think that we are saving up for retirement and have nothing more when we retire plus social security don’t want to give us nothing want us too work until we are 70 to get full money we have worked for all our lives 🙄😬😬the government is a joke but the rich gets everything and poor gets nothing….and they do all the damn work…whyyyyy
We moved from Massachusetts to North Carolina about 20 years ago. NC taxed my husbands pension. I had been on disability in MA, I lost it when I moved to NC. I now live in PA and pension is not taxed but I never got my disability back. We lost a lot of money. NO state should tax someone’s pension or SS or disability.
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Arizona doesn’t tax military pensions