3 States Trying to Lower Taxes on Social Security Income

The money provided by Social Security is supposed to help seniors maintain a basic standard of living in retirement — but almost half of them (46%) — pay federal taxes on their benefits due to their level of income.

And to add insult to injury, several states also tax seniors on Social Security benefits. But that number may soon shrink.

A few states are considering (or have recently passed) legislation to reduce or eliminate Social Security taxes. Following is a look at which states are pushing to keep more money in retirees’ pockets, and how.

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