9 States That Will Tax Social Security Benefits in 2025
Important Notice: Social Security benefits will remain taxed at the federal level. This article specifically discusses state taxes on Social Security benefits.
Exemptions and Deductions:
* Colorado: Benefits are taxed but can be fully deducted for individuals with AGIs below $75,000 and couples with AGIs below $95,000.
* Connecticut: Benefits are not taxed for individuals with AGIs below $75,000 and couples with AGIs below $100,000.
* Minnesota: Benefits are not taxed for individuals with AGIs below $82,190 and couples with AGIs below $105,380.
* Montana: Benefits are fully deductible for individuals with AGIs below $25,000 and couples with AGIs below $32,000.
* New Mexico: Benefits are not taxed for individuals with incomes below $100,000 and couples with incomes below $150,000.
* Rhode Island: Benefits are not taxed for individuals with AGIs below $88,950 and couples with AGIs below $111,200.
* Utah: Benefits are not taxed for individuals with incomes below $30,000 and couples with incomes below $50,000.
* Vermont: Benefits are not taxed for individuals with incomes below $50,000 and couples with incomes below $65,000.
* West Virginia: Benefits are not taxed for individuals with incomes below $50,000 and couples with incomes below $100,000. (Phase-out begins in 2024, with no tax on benefits in 2026.)
Note: These exemptions and deductions are subject to change over time. Please consult with a tax professional for the most up-to-date information.