Planning to Retire? These 9 States Tax Social Security
When planning for retirement, it’s important to consider all sources of income and how they will be taxed. Social Security benefits are a crucial part of many retirees’ income, but did you know that not all states tax these benefits the same way?
Here are 9 states that tax Social Security benefits:
- Colorado
- Connecticut
- Kansas
- Minnesota
- Missouri
- Montana
- Nebraska
- North Dakota
- Utah
Before you decide where to retire, make sure to consider how your Social Security benefits will be taxed in that state. It could have a significant impact on your overall retirement income.