"State Variations in Taxable Social Security Income"

1 min read
Source: USA TODAY
"State Variations in Taxable Social Security Income"
Photo: USA TODAY
TL;DR Summary

Twelve states still tax Social Security benefits, with varying income thresholds and exemptions. The taxation methods differ by state, with some basing it on age and others on income levels. However, the trend is moving towards eliminating these taxes, with Missouri and Nebraska set to stop taxing Social Security benefits in 2024. To minimize taxes on Social Security, individuals can consider strategies such as investing in a Roth IRA and staying informed about their state's tax laws.

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