Latest News

Income Tax on Social Security – more than just the Feds

Paying federal income tax on Social Security benefits is often one of those “are you kidding me?” moments for retirees. The thresholds have not been adjusted for inflation since 1994, though the tax was first implemented in 1983 legislation. Thus, more retirees are ensnared each year by tax. But as Adam Levy notes here, twelve states also tax benefits to some degree. It’s something to keep in mind as you try to plan, estimate, and budget in retirement. Full article on how each of the 12 states handles taxes here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers