Retirees at Risk of Losing Social Security Benefits in 9 States
Friday, 13 September 2024, 12:01
State Tax Policies Affecting Social Security Benefits
Retirees in certain states might face a concerning reality: potential reductions in their Social Security benefits due to local tax regulations. Understanding which states impose taxes on Social Security benefits is essential for maintaining financial stability in retirement.
States Where Social Security Benefits Are Taxed
- Connecticut
- Montana
- Minnesota
- New Mexico
- Utah
- Virginia
- North Dakota
- Illinois
- California
States like Connecticut and Minnesota have more complicated policies, making it crucial for retirees to *analyze* the implications of these taxes.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.