Wednesday, April 3, 2019

States Taxing Social Security

Dear Daytonian,

Way back in 1984, the federal government began taxing Social Security benefits, but did you know that thirteen states, not including Ohio thank goodness, also tax those benefits to varying degrees.  The worst offenders are the eclectic combination of Minnesota, North Dakota, Vermont and West Virginia, which mirror the federal tax rules.  Montana, Colorado, New Mexico, Utah, Nebraska, Kansas, Missouri, Connecticut and Rhode Island have their own individual rules, all different of course.

I guess some states just want to tax you twice on the same money.

https://www.fool.com/retirement/2016/09/17/these-13-states-tax-social-security-benefits.aspx


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