Which States Don’t Tax Social Security Benefits?

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Which States Don't Tax Social Security Benefits?
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Some seniors are surprised to find out most states don’t tax social security benefits. Others are surprised to find out that some do! Market Watch recently provided a breakdown of which states don’t tax social security benefits.

The actual breakdown is “nuanced” the article points out. For instance, some states have income limits or other exemptions. A few states have no income tax at all.

Some retirees move to low or no tax states. That is understandable. Yet a move costs too much for the cash-strapped. And with family and other considerations, moving is impractical. It is unfortunate that anyone even needs to consider such life-altering changes.

At NORA, we believe there is a deeper problem. Too many seniors simply do not receive the benefits they have have earned. COLAs have lagged behind actual cost-cost-of-living. That is why we propose a more fair and honest approach.

We advocate for a 3% annual Social Security COLA. This adjustment should be permanent to allow greater financial stability for seniors. It should also be retroactive to 2010. This is how seniors must be compensated for the low or missing COLAs they have endured in recent years.

If you agree, tell us in the comments. But most importantly, tell Congress by signing our petition! Make your voice heard. Let Congress know that you stand for compensating seniors what they – what you – have earned.

Help us in our campaign for fair compensation for seniors by following NORA on Twitter and Facebook!