Report post

Do you have to pay taxes on Social Security benefits?

However, 41 states don't tax Social Security benefits (including eight with no state income taxes at all). You could still have to pay federal taxes on Social Security benefits, regardless of where you live. Where you live matters when it comes to paying taxes on Social Security benefits.

Which states do not tax Social Security benefits?

Below are the 41 states that do not tax benefits: Although Washington, D.C. isn't a state, retirees living there will not have their benefits taxed. It's also worth noting that in 2024, three states -- Kansas, Missouri, and Nebraska -- got rid of their Social Security tax.

Which states tax Social Security benefits?

Here are the 12 states that tax Social Security, along with the details of each. Colorado: Colorado taxes Social Security benefits at their flat state rate of 4.55%. However, they allow deductions for retirees on some retirement income. Those age 55 to 64 can deduct up to $20,000 in retirement income, and those age 65 and older can deduct $24,000.

The World's Leading Crypto Trading Platform

Get my welcome gifts