C - 40 States That Don't Tax Social Security Benefits
2024-01-23 08:15:00 ET
The holidays are behind us and now we're entering the much less fun tax season. Soon, we'll have to share all the details of our 2023 income and expenses with the IRS. It's pretty straightforward for most workers, but it can be more complicated for retirees. They'll have to pay taxes on all tax-deferred retirement income and any income from a job. And they could owe Social Security benefit taxes as well. Here's a look at which states have these taxes and how the federal government handles benefit taxes as well.
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The following 40 states don't touch a penny of their seniors' Social Security benefits :
For further details see:
40 States That Don't Tax Social Security Benefits