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41 States That Don't Tax Social Security Benefits


Taxes are virtually impossible to avoid in modern American life. There are taxes on income, purchases, property, and even Social Security benefits. Paying taxes doesn't necessarily leave people smiling from ear to ear, but they're a necessity for funding essential public services and programs -- including Social Security.

Social Security is a much-needed financial safety net for millions of Americans in retirement, but at the end of the day, it's still income. And any time income is involved, so is the Internal Revenue Service (IRS).

The good news is that most Social Security recipients are off the hook when it comes to state Social Security taxes because 41 states have done away with them.

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Source Fool.com


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