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38 States That Don't Tax Social Security Benefits


Social Security benefits are used by most people to supplement their savings and make sure they have enough money to retire, and still cover their daily expenses and cost of living. Some retirees end up relying on Social Security for the majority of their income.

With benefits such a key part of a retiree's income, it's important to understand how these benefits are taxed so there are no surprises and so you can take steps that will help you hold on to as much of your benefits as possible. 

Interestingly, how Social Security gets taxed on the state level can work very differently from state to state because some states still tax Social Security and others don't. Let's take a look at the 38 states that don't tax Social Security.

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Source Fool.com


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