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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 ...
For example, in Colorado, residents ages 65 and older have been able to fully deduct federally taxed Social Security benefits on their state income tax returns since tax year 2022. For 2025, that ...
For the 2023 tax year, your employer has to stop taking out Social Security taxes when your income surpasses $160,200. You're still obligated to pay the taxes on all income less than that amount.
In 2025, that cap is $176,100, up from $168,600 in 2024. So if you earn $200,000 a year, you won't pay Social Security taxes on your last $23,900 of income.
Utah allows for a tax credit for Social Security payments based on adjusted gross income thresholds of $45,000 for single filers, $37,500 for married filing separately and $75,000 for married ...
Utah taxes Social Security benefits at its flat state income tax rate of 4.55% in 2024. But seniors and retirees may qualify for one of two tax credits:
For the Old Age, Survivors and Disability Insurance (OASDI) tax or Social Security tax in the United States, the Social Security Wage Base (SSWB) is the maximum earned gross income or upper threshold on which a wage earner's Social Security tax may be imposed. The Social Security tax is one component of the Federal Insurance Contributions Act ...
Although you may be able to avoid paying state taxes on your Social Security benefits, federal tax rules still apply, and up to 85% of your benefits could be taxable.