Thursday, May 25, 2023

3 States Trying to Lower Taxes on Social Security Income

Happy senior woman outdoors in Utah
Rocketclips, Inc. / Shutterstock.com

The money provided by Social Security is supposed to help seniors maintain a basic standard of living in retirement — but almost half of them (46%) — pay federal taxes on their benefits due to their level of income. And to add insult to injury, several states also tax seniors on Social Security benefits. But that number may soon shrink. A few states are considering (or have recently passed)...



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