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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.
As it stands, nine states have no state income tax, and of those that do, most don’t tax Social Security — including Kansas, Missouri and Nebraska joining the list for the 2024 tax year.
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 ...
It's also worth noting that in 2024, three states -- Kansas, Missouri, and Nebraska -- got rid of their Social Security tax. This is an encouraging sign for the retirees in the nine states that ...
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%
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.
Missouri and Nebraska, for example, taxed Social Security benefits until the start of 2024, and West Virginia is on a path to eliminating its Social Security taxes altogether by 2026. Social ...
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