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40 States That Don't Tax Social Security Benefits


Social Security plays a major role in millions of Americans' financial lives. For some, it's virtually all their retirement income; for others, it's a sizable piece of their retirement income; and for still others, it's more of a nice-to-have benefit. Regardless of the role Social Security will play in your retirement finances, it's crucial to understand the tax implications around your benefits so you can plan accordingly.

The one wrinkle to Social Security benefits is that retirees in 10 states may have their benefits taxed at the state level. The better news, though, is that this leaves 40 states where retirees don't have to worry about such taxes.

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Source Fool.com


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