Tax season usually brings a refund check for most workers, but if you're retired, you could wind up owing the IRS.
Social Security recipients will be happy to hear that most states do not tax benefits. Below are the 41 states (along with ...
The IRS taxes the Social Security benefits of some seniors, depending on their income. Residents of the following nine states ...
Which states tax Social Security? Most states don't tax Social Security but some do. Here's which ones they are, and how they might do it.
Lawmakers in the 2025 legislative session have prioritized an income tax cut. There's not room in the budget for a Social ...
Social Security benefits are one of the most impactful income sources for retirees. As of December 2024, over 51 million Americans received retired worker benefits, with many relying on them for some ...
Ten states also will levy a tax this year ... very top earners must pay tax on their benefits. Most Social Security recipients don't. Single taxpayers with incomes below $100,000, married filing ...
For example, Coloradans under 65 may owe taxes on Social Security benefits but older people generally don't. Income-based. New Mexico is one example of a state that only taxes Social Securi ...
Vermont exempts all Social Security benefits from state taxes for those with AGIs under $65,000 for married couples filing jointly and $50,000 for all other filing statuses. There's also a partial ...
If you're currently receiving or soon will be receiving Social Security retirement benefits, here is what you should know about which states may subject you to taxes and how Uncle Sam deals with ...