13 States That Tax Social Security Income

Many seniors are caught off guard when they learn that they are, in fact, responsible for paying taxes in retirement. But while you may have heard that you'll be taxed on your traditional IRA or 401(k) withdrawals, as well as any income you receive from a part-time job, you may be surprised to learn that depending on where you live, your Social Security benefits could be taxed as well.

There are currently 13 states that tax Social Security income to varying degrees:

IMAGE SOURCE: GETTY IMAGES.

Continue reading


Source: Fool.com