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Nebraska, Utah Making Strides Toward Exempting Social Security from Taxation
There are only a handful of states that impose income tax on Social Security benefits, and that number is on the verge of dwindling further. Nebraska and Utah, for example, are taking steps in this direction as explained in two recent articles, which you can access here:
Senators hear bill to exempt Social Security benefits from state income tax in Nebraska
Utah Senate approves $43 million in tax cuts for retired military, Social Security
Meanwhile, the Association of Mature American Citizens (AMAC) is actively advocating federal-level elimination of the Senior Citizen Tax, a provision of the IRS code that, in our opinion, unfairly penalizes many seniors by subjecting their Social Security benefits to federal income tax. For more on this subject, see the February 12 AMAC news article ( https://amac.us/the-fight-goes-on-to-eliminate-income-taxes-on-social-security-and-railroad-retirement-benefits/)
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.