38 States That Don't Tax Social Security Benefits
It's common for retirees to aim to maximize their income in their golden years, while minimizing their taxes. It's good to do so, because millions of Americans have not saved as much as they'd like or as much as they'll need in retirement -- and Social Security won't deliver enough for most people to live on.
The average Social Security retirement benefit was only $1,835 as of April 2023. Over the course of a year, that's just about $22,000. Yes, you'll receive more if your earnings have been above average, but not that much more. The biggest benefit was recently $4,555 per month -- or less than $55,000 for the year.
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Source Fool.com
