Does Your State Tax Social Security Benefits?
We give the government a lot of our income over our working lives, some of which comes back to us in the form of Social Security benefits later on. But even that might not be entirely ours to keep. Governments in 13 states tax some seniors' Social Security benefits, forcing them to rely more upon their personal savings to cover their expenses.
Knowing which states these are and how they calculate Social Security benefit taxes can help you make educated decisions about where you want to live in retirement and how much you need to save on your own.
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Source Fool.com
