It can be a rude awakening to many retirees to learn that the federal government, in certain circumstances, taxes Social Security benefits.
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All the States That Don’t Tax Social Security
It can be a rude awakening to many retirees to learn that the federal government, in certain circumstances, taxes Social Security benefits. Even more surprising to some is that certain individual states also apply their own income tax to Social Security payouts.
Social Security serves mostly older retirees, but also the disabled through Social Security Disability Insurance (SSDI).
More than 70 million Americans collect Social Security, Supplemental Security Income (SSI), or both.
Many Americans have envisioned retirement age as 65, according to the Social Security Administration.
The end of a person’s life doesn’t necessarily mean the end of their social security payments.
