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These 13 States Could Take a Bite Out of Your Social Security Benefits


Even if you kick off retirement with a decent amount of savings, there's a good chance you'll rely heavily on the income you receive from Social Security. And if your nest egg isn't particularly robust, you can bet on needing those benefits to pay the bulk of your bills.

Unfortunately, the income you collect from Social Security may not be yours to keep entirely. That's because moderate earners commonly lose a chunk of their benefits to federal taxes.

On top of that, some states impose their own taxes on Social Security. And it's important to know which ones go that route.

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Source Fool.com


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