40 States Don't Tax Social Security Benefits
About 97% of Americans 60 or older either receive Social Security or will. And for 40%, that monthly payout represents at least half of their income.
That's from a study by the Center on Budget and Policy Priorities, and it points to why you might make a budget priority of your own out of knowing how the state you live in now, or plan to later on, will or will not tax those benefits.
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Source Fool.com
