Latest News

Taxation of Social Security Benefits at the State Level: Something to be Aware of for Retirement Planning

If you’re looking ahead to retirement and doing your due diligence with respect to cash flow, one of the key items to look at is how your Social Security benefits will be taxed. It often comes as an unpleasant surprise to the newly-retired that their monthly benefit payment results in a federal income tax burden and then, on top of that, to learn that their state may levy a tax as well. So, it’s important to be aware of all those taxing authorities intent on taking a portion of what you expected to receive from Social Security. In an article posted today on, The Motley Fool’s Maurie Backman explains which states (there are 13 that still tax benefits) assess income tax on your benefits. Read her post 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