Minnesota
Minnesota has the same thresholds as the federal government, to determine just how much should the state tax a retiree’s Social Security benefits. Besides, those who owe taxes on their benefits should take advantage of Minnesota’s Social Security Subtraction, to secure at least a partial deduction.
For instance, in 2021, single filers and couples who filed together were able to exempt as much as $4,130 and $5,290 from their federally taxable benefits taken from their Minnesota income.
It’s also worth mentioning that this doesn’t apply to residents who are in a higher income bracket. Single filers and couples with AGIs of a minimum of $62,710 and $80,270 only qualify for a partial exemption; while those with AGIs above $83,360 and $106,720 don’t qualify.
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