41 States That Don't Tax Social Security Benefits
Not many people start shouting with joy when they pay taxes, but they're necessary in a functioning society. There are taxes on purchases, property, income, and plenty of other financial transactions.
Regarding income taxes, it's not just the paycheck from your job that can be taxed, either. Social Security benefits are also subject to taxes. Whether or not you're taxed (and how much) depends a lot on where you reside.
If you currently receive Social Security retirement benefits (or will be receiving them soon), below is what you should know about which states may tax your benefits and how they work on the federal level.
Source Fool.com
