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.
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 .