Don’t Forget State Income Taxes on Social Security
Social Security benefits are taxable, much to the chagrin and astonishment of those who collect them. Federal brackets have not been indexed to inflation since thresholds were set in 1993, but in this piece, Kailey Hagen lists the 12 states that also tax benefits to some degree. One can click through the slideshow of each state and read Hagen’s description on exactly how that state taxes Social Security benefits. It’s perhaps one more in a list of criteria one might use in deciding where to reside in retirement. Full article here.