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Income Tax on Social Security Benefits? Yes, in 13 states

The federal government taxes up to 85% of Social Security benefits, depending on your income.  Thresholds have not been raised since 1993 so more middle income filers face this prospect.  But, this Kiplinger’s article focuses on the 13 states that also tax benefits.  Each state has its own formula for doing so, and not every one is necessarily “high tax” overall.  Read more here and be sure to click each arrow through all 13 states for the most detail.

 

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