Retirees in These 12 States Risk Losing Some of Their Social Security Checks
You may be aware that Social Security can be taxable, but did you know that federal income tax might be just part of what you have to pay? There are a dozen states that have their own tax on Social Security income in addition to this.
In this article, we'll take a look at how Social Security benefits can be taxed by the IRS, which states have their own Social Security benefit tax structure, and why it's important to understand how taxes on your retirement benefits work.
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Source Fool.com