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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.
Many states don't tax Social Security. 33 states have state income taxes but don't tax Social Security benefits. The nation's capital, Washington, D.C., also doesn't tax benefits. Alabama. Arizona ...
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:
For anyone with retirement earnings in excess of $34,000, up to 85% of their Social Security benefits are considered taxable income. And for joint filers, these thresholds are raised to $32,000 ...
Utah taxes Social Security benefits at its flat state income tax rate of 4.55% in 2024. ... each allows seniors and retirees to exclude Social Security benefits from state or district taxes ...
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 ...
The nine states that do tax Social Security benefits. Here are the nine states that do tax Social Security benefits. Don't freak out if your state is in this short list, because many residents of ...
Filing As. Combined Income* Percentage of Benefits Taxable. Single individual. Between $25,000 and $34,000. Up to 50%. Married, Filing Jointly. Between $32,000 and $44,000