"Understanding Social Security Taxes: Who Pays More and State Implications in 2024"

As of 2024, 10 states continue to tax Social Security benefits, with each state having its own set of rules and income thresholds. While Colorado, Connecticut, Kansas, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont, and West Virginia still impose taxes on these benefits, the impact on retirees depends on the overall tax structure of each state. Retirees should consider all aspects of a state's tax system, including sales tax, property tax, and vehicle taxes, to determine the tax-friendliness of their state for retirement planning.