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Social Security Benefit Taxes by State. Aside from federal tax rates, the way Social Security is taxed also varies by state. Only 13 states tax Social Security benefits: Colorado, Connecticut ...
On the federal level, you'll be taxed on up to 50% of benefits once provisional income exceeds $25,000 for single tax filers and $32,000 for married joint filers — and on up to 85% of benefits ...
Colorado. In 2025, Colorado will continue to tax the benefits of Social Security recipients. Of note, though, is the fact that recipients in Colorado who are between the ages of 55 and 64 and have ...
This means that if your combined income of Social Security benefits and other taxable incomes (these include wages, self-employment, interest and dividends, among other sources that have to get ...
State taxes on Social Security benefits are different based on which state you live in.
It is also the maximum amount of covered wages that are taken into account when average earnings are calculated in order to determine a worker's Social Security benefit. In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1] [2 ...