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The states that take a bite out of Social Security
One of the surprises that new retirees experience is taxes. Many retirees are not aware that several states do tax Social Security benefits. However, even if you manage to avoid state taxes on your Social Security benefit, you may be subject to federal taxes. What states do tax benefits? Maurie Backman lists the thirteen states that tax Social Security benefits and how to choose the right state to live in for your retirement. Read Ms. Backman’s article here…
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