26 States That Won’t Tax Your Social Security This Year
Retirees almost universally seek to maximize their incomes and can do so through claiming Social Security at the right age for them and by making other sound investment decisions with their other savings. But sometimes lost in the calculus is state income taxes. Federal income tax is owed on Social Security benefits after thresholds are met, and little can be done about that. But 26 states either have zero income tax or exempt some or all Social Security benefits from taxation. To learn more, read this article by Miranda Marquit in Money Talks News here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
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