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37 States That Don't Tax Social Security Benefits


Many seniors are shocked to learn that they don't get to keep all of their Social Security benefits in retirement. That's because those benefits are subject to federal taxes for moderate and high earners. Some lower earners may also have their benefits taxed, depending on their specific income.

But federal taxes on Social Security aren't the only taxes to worry about. Depending on the state you settle down in for retirement, you may be on the hook for additional taxes, too.

There are 13 states that tax Social Security benefits to some degree. The good news, though, is that most states do not impose their own tax on those benefits. So if you want to keep more of that money, you may want to focus on those 37 when deciding where to call home during retirement.

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Source Fool.com


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