
10 numbers you need to know about social security
In most states, social security is not considered taxable income. However, 12 states levy income tax on social benefits. Here are the 12 states that levy some form of social security tax:
- Colorado
- Connecticut
- Kansas
- Minnesota
- Missouri
- Montana
- Nebraska
- New mexico
- Rhode Island
- Utah
- Vermont
- West Virginia
Note that most states do not tax all social security income. For example, Kansas levies a tax of 3.1% to 5.7% on all income, but it exempts Social Security income for residents with an AGI of up to $ 75,000. Most other states have similar types of exceptions.