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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%
State taxes on Social Security benefits are different based on which state you live in.
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 ...
West Virginia. While West Virginia will eventually phase out its state income tax on Social Security benefits in three years thanks to a newly passed law, for the time being individuals who make ...
Instead of paying 85% on $20,000 ($17,000), Social Security would take the $17,000, add it to any other income you have, and then tax it at your regular tax rate.
Unfortunately, while most states don't tax Social Security benefits, the federal government does. Specifically, up to 85% of your benefits may be taxed federally . The table below offers details:
Its residents between the ages of 55 and 64 aren't taxed on their first $20,000 worth of yearly Social Security income, while anyone over the age of 65 living in the Centennial State doesn't owe ...
Here are 13 states that won't tax your Social Security, 401(k), individual retirement account (IRA), or pension income. A map of the U.S. overlaid with $100 bills. Image source: Getty Images.