38 States That Don't Tax Social Security Benefits
Stretching a Social Security check far enough to cover basic expenses is a huge challenge for many retirees. According to the Senior Citizens League, Social Security benefits buy approximately 30% less today than they did in 2000. The reason? Senior households spend a disproportionate share of their budgets on things like healthcare and housing, which rise at a much faster pace than the inflation rate that determines cost-of-living adjustments.
If Social Security will make up a significant part of your retirement income, the last thing you want is to fork over part of your benefit for state taxes. Fortunately, 38 states and the District of Columbia won't touch your benefits.
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Source Fool.com
