Retirees may know that they will pay federal taxes on their social security benefits if their total income exceeds certain amounts. But few of them may realize that some states also will try to take a cut. Social Security benefits include monthly retirement, survivor and disability benefits.
The good news is fewer than a dozen states tax social security benefits, so chances are good you won’t get hit. While each state has different rules on what or how they will tax your social security money, age and income usually determine if you pay. It’s best to check with your state’s rules, but here are general guidelines on what you can expect.