RI Senator Wants to Exempt Social Security from State Income Tax
A Rhode Island State Senator has filed legislation, that would exempt Social Security income from the state’s personal income tax. The bill filed by Sen. Paul Fogarty, D - Burrillville, would also exempt $25,000 of income received from public and private pensions, interest income, 401K plans and individual retirement accounts from the state tax….27 other states, including Massachusetts and Maine, specifically exempt Social Security income from taxation. Although Rhode Island does not specifically tax Social Security benefits, that income is identified on federal tax returns. 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.