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Will your state be the 14th state to tax Social Security benefits?
Tens of millions of American retirees rely on Social Security for the bulk of their income every month. What comes as a big surprise to many Social Security recipients is that in some cases, the federal government imposes taxes on their benefits. For the most part, state governments typically leave Social Security benefits alone from a tax perspective; however, more than a dozen states announced that it would consider adding a state income tax on Social Security to help cover other financial obligations. Read article here…
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