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There are 9 states in America that will tax Social Security benefits in 2025 — do these 3 things ASAP if you live in one of them Christy Bieber January 17, 2025 at 3:44 AM
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 less than ...
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 ...
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.
State taxes on Social Security benefits are different based on which state you live in.
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%
Seniors living in Vermont can expect to pay between 3.35% and 8.75% in state income tax, but whether your Social Security benefits are excluded depends on your filing status and adjusted gross income:
Seniors with incomes below the following levels will not have to pay taxes on Social Security: Single taxpayers: $100,000 ... West Virginia. West Virginia state income tax rates range from 2.36 ...