Jun 21, 2024 · A portion of Social Security retirement, disability and other benefits are subject to federal income tax if your overall income exceeds a cap the U.S. government sets. Nine states …

Mar 19, 2025 · There’s no income tax on pensions, IRA and 401(k) distributions, or Social Security benefits, and the top rate on other forms of income is only 5.7 percent for the 2024 …

Mar 20, 2025 · Income taxes: Hawai‘i has an income tax, but it doesn’t tax payments from pension plans as long as the employee didn’t contribute to the plan – which is typically the case with …

Jan 24, 2025 · In 2023, income taxes on benefits added $50.7 billion to the Social Security trust funds, accounting for about 3.8 percent of Social Security’s revenue — the vast majority of …

Jun 30, 2023 · Several states have recently changed their tax rules for military retirement pay. Indiana, Nebraska, Oklahoma and South Carolina stopped taxing military pensions in the 2022 …

Jan 9, 2025 · There is no state estate tax, long-term capital gains tax or statewide sales tax — although a majority of Alaska’s municipalities levy a sales tax, with rates of typically 2 percent …

Jul 24, 2023 · With a push from AARP, North Dakota stopped taxing Social Security benefits in 2021, and Nebraska is phasing its tax out over the next two years. Other states, including …

May 29, 2014 · • Friends of retirees: Income from Social Security gets a pass in 36 states and Washington, D.C.; Iowa will join the club this year. • The fine print: A number of states have …

Feb 29, 2024 · Differing sales tax rates are common, but some states don’t level any sales taxes. Most states do not tax Social Security benefits , but some do. When it comes to estate and …

Jun 20, 2024 · A dwindling number of states also tax Social Security income to varying degrees, with that money going into their general funds. With Kansas’ repeal, only nine states will tax …