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Which States Tax Social Security Benefits?
Planning for your retirement often includes deciding not only when to retire, but also where to spend your so-called “golden years.” Many choose to downsize, and some like the idea of a warmer winter climate but, where ever you may be thinking of settling in, you’ll want to keep as much of your retirement income in your own pocket as possible. Taxation of your retirement income should, therefore, be on your list of things to consider. This Lake Geneva (WI) Regional News article by Maurie Backman offers you that information, identifying the 37 U.S. states which do not levy a State income tax on Social Security benefits, as well as the 13 states which do. Among those 13 remaining states however, the rules are a bit different, as the article points out. Click here to read more.
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