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About Taxation of Social Security – Most States do not tax benefits - USA Today
There is a lot of media attention about income tax on Social Security benefits these days, what with Congress debating the possibility of eliminating Federal income tax on SS benefits (as President Trump has asked). But in all the hoopla about whether or not to eliminate Federal income tax on SS benefits, let’s not lose sight of the fact that most U.S. states do NOT tax Social Security benefits. And those which do usually provide some relief to lower income seniors. This very informative USA Today article by Selena Maranjian of the Motley Fool explains which U.S. states do not, and which states do, levy income tax on received Federal Social Security benefits.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…