Latest News

State Taxation of Social Security Benefits - Motley Fool

It sometimes comes as a surprise, especially for those new to Social Security, or seniors who move to another state – some states levy a state income tax on Social Security benefits. That’s in addition to the federal taxation of your Social Security benefits, but in all cases your benefits are taxable only if your income exceeds certain threshold. Twelve U.S. states tax Social Security benefits, and the rules are different for each state so it’s important to understand the tax laws in the state you live. This Motley Fool article by Kailey Hagen reveals which states tax Social Security benefits, how federal taxation of Social Security works, and also offers a few tips on how to minimize the impact of taxes on your Social Security benefits. Click here to read more.

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