Retiring in 1 of These States? You Might Lose More of Your Social Security to Taxes in 2024.
Social Security is an essential part of millions of Americans' retirement finances. After years of paying Social Security taxes, retirement is a time to reap the benefits with a consistent income source after you're done working. Unfortunately, the IRS doesn't go away in retirement.
Like other forms of income, the IRS and states have specific rules for Social Security benefits. The good news is that most states don't tax Social Security benefits. The less favorable news is that there are still 10 states where retirees could possibly face Social Security taxes.
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Source Fool.com
