Are your Social Security benefits about to get taxed?
When you are a retiree and you are planning your financial future, the tax treatment of Social Security benefits is an important factor to consider. The number of states that tax social security benefits gets lower each year, but there are still some states out there that do that, and we believe that it’s important to know about them.
The good part? Last year there were eleven such states, so we are moving towards a better future.
There are many states where low-income retirees find their benefits entirely exempt from state taxes, but the states we want to discuss today have some stricter guidelines and still tax the benefits. Why is it important to be aware of all of this? This is the perfect guide for those retirees who want to optimize their finances and minimize tax burdens.
This article discusses how each of these states will tax Social Security benefits in 2025. From income-based exemptions to flat taxation schemes, we’ll explain how to navigate these restrictions.
All states should drop SS taxes as we paid those taxes including Federal taxes. SS should not be taxed period.
Agreed!! And President Trump was suggesting a changee to eliminate all Federal Taxes on SS douring his campaign. Would like to hear it again now that he’s in the Oval Office!
Totally agree!!!
YESM=, I AGREE WITH YOU JO ANNE SOCIAL SECURITY SHOULD NOT TAS OUR S/S NECAUSE WE PAID TAXES ALREADY.
Yes, we paid taxes on that income while working so should not have to pay taxes again!!
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.
My wife and I are both retired Military with 24 years each. I am 80 years old, still work and own my own very successful business. I still pay into social security. Unfortunately, I live in liberal Sanctuary State Colorado which is one of 5 states that will still tax social security even if 45 other states will not if approved. Correct me if I am wrong, but Social Security was originally designed for that purpose only. Under the Kennedy, administration the democrats started using it for their “slush” fund to tap anytime they could not get funding for pet projects and that is still the case today as it has been grossly abused to fund illegal migrants not to mention FEMA funds as well.
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 .
Why do we have to pay taxes again?? We already paid taxes while we were working. . Why do we the middle class (poor people) have to be the “backbone” of this country?? Why can’t everyone do their share?? Why do
the rich get richer and the rest have to struggle to keep America moving forward!! Where’s the justice in that??
I feel its very wrong to be taxed an money that was alresdy been taxed while working, isnt that double taxation.?????
so correct you are. we pay when we earn and we pay when we spend and then the IRS every year and we are by no means rich. In todays economy, my 63 year old husband works 60 & 70 hour weeks delivering concrete with 2 hip replacements. just to make ends meet s.s. is not an income you can survive on. they say he makes to much so we have to pay, needless to say they tax him severely before he even gets paid. we have no savings left, being on disability at 50, I was told I would not survive, 16 years later, still disabled, paying taxes while the rich get richer. I am now retirement age, what a mess, Thank the Good Lord I started working at 15 in the 70’s. 65 and still paying them due only to my s.s check !!!
SS, Should not be taxed. Retirees earned this amount n wouldn’t that be double taxing. The U.S.Government should step in an make it a law that all States n U.S. Territories stop taxing SS.
Any state that taxes social security the people must vote all of the legislatures from the governor down all out of office. Social security was and has been abused for a long time by beaurocrats
I totally agree with you. Pushing 80 after working since I was 11 and still paying social security tax. Retired at 77. Sad country and if I weren’t a citizen would be treated much better. We have the worst governor and mayor in Colorado!
As a disabled/retired teacher I knew SS would be low enough! But MY government wants to “double dip” me? Not ethical. Not affordable!! Total slap in the face……barely breathin’ here!!
It is a waste of government resources to tax anyone under the median income. It only invites more government programs to return the money in the form of services at a premium.
No taxes on Social Security while paying into while working . That’s double taxing a retirees
SS should not be taxed, I’m retiring in 1 year
and 9 months. We all have paid taxes all of I working lives and it’s our turn to get something back.
I agree, Social Security should not be taxed; however, because it’s “social” security, each individual should only get back in benefits what they put in minus the “social” cost for those who are disabled and unable to continue working and contributing during their working years. Also the tax cap on earnings should be increased considerably. To say 1-2 Million in income. The tax for everyone could then be reduced, especially for those who don’t earn more than say, 30 to 50k. I.e., Make the tax progressive like other income based taxes.