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Does your state tax your Social Security benefits?
37 states don’t tax their residents’ Social Security benefits. Is your state one of them, or do you live in one of the 13 states that do levy tax on your Social Security income? And just how generally “tax friendly” is your state, considering other taxes such as sales tax, property taxes, state income tax, and taking a cut from your 401(k) and IRA distributions? Find out all of this in Sandra Block’s article appearing at Kiplinger.com. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.