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Missouri and Kansas elected to stop taxing Social Security benefits in 2024, as did Kansas shortly thereafter, leaving only nine states in the union that will still tax benefits in 2025 ...
2024 tax year — 35% of Social Security benefits allowed as deduction 2025 tax year — 65% of Social Security benefits allowed as deduction 2026 tax year — 100% of Social Security benefits ...
For the 2024 tax year, 35 percent of Social Security benefits included in adjusted gross income can be subtracted. That number jumps to 65 percent in 2025 and to 100 percent in 2026. Bottom line
The good news is that most states do not tax Social Security benefits, and more seem to be joining the wave with each passing year. ... It's also worth noting that in 2024, three states -- Kansas ...
Federal Tax Filing Type. Combined Income. Percentage of Social Security Benefits That Are Taxable. Single. Less than $25,000. 0%. $25,000 to $34,000. Up to 50%
For instance, Missouri and Nebraska both taxed Social Security benefits until Jan. 1 of this year, and West Virginia plans to phase out its tax completely by 2026.
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Here are 13 states that won't tax your Social Security, 401(k), individual retirement account ... New Hampshire will phase out these taxes after 2024. ... Missouri. Nebraska. New Jersey. New York.