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


at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Mile-Based Exit Numbers

Dear Daytonian, Exit numbers in Ohio are useful for more than just knowing which off-ramp to take.  In the 1970s Ohio renumbered from sequen...

  • Mile-Based Exit Numbers
    Dear Daytonian, Exit numbers in Ohio are useful for more than just knowing which off-ramp to take.  In the 1970s Ohio renumbered from sequen...
  • 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...
  • Stealth Toll Booth
    Dear Daytonian, After a road trip, if you get a bill for an unpaid toll, perhaps you've encountered a "stealth" toll booth. ...