BabyBoomerGold is asking your support for our advocacy work to completely abolish any and all taxing of our social security benefits - this is OUR money that was already taxed and is now subject to taxes - again?/! Make sure that you avoid retiring in states that make it policy to tax your return on investment from your hard work - over the average years worked of a typical SSI recipient - of 45 years! Here are some states to avoid and stay away from if you want to ensure that your SSI benefits do not get taxed! States that Tax Social Security Benefits: A few states -- North Dakota, Nebraska, Minnesota, West Virginia and Rhode Island -- tax Social Security benefits to the extent the benefits are taxed at the federal level. The federal government only levies a tax on social security benefits if your combined income is over $25,000. Individuals with income between $25,000 and $34,000 can expect half of their Social Security benefits to be taxed. If your income is above $34,000, up to 85 percent of the benefits may be subject to tax. Other states -- Montana Utah, Colorado, New Mexico, Kansas, Iowa, Missouri and Connecticut -- tax Social Security benefits, and all have distinct calculation methods. All other states do not tax Social Security. Read more: ehow/about_5456029_states-not-tax-social-security.html#ixzz31GBFH0nQ
Posted on: Fri, 09 May 2014 22:33:38 +0000
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