Retirees: Don't Panic Over State Income Taxes on Your Social Security
It's a little-known fact that Social Security benefits can end up being subject to income taxes. At the federal level, it doesn't even take that much income before at least a small portion of your benefits gets taxed, and there are some states that look to get into the revenue collection game with Social Security as well.
However, as much as it might seem like a massive problem to live in a state that taxes Social Security benefits, it's often much less of a problem than you'd think. Here are three reasons why most people don't have to worry about state income taxes on their Social Security.
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Source Fool.com
