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8 States Tax Social Security—But Not All Of It | Huntsville News
Eight states tax Social Security benefits—but only if you earn above certain thresholds. Colorado, Connecticut, Minnesota, Montana, and New Mexico each have unique income limits that protect retirees’ benefits from state income tax. For example, in Colorado, seniors with AGI under $95K can deduct benefits; Minnesota singles earning up to $86,410 are exempt. These rules vary wildly by state and income level, making it crucial to check your own state’s guidelines. For many retirees, this hidden tax can dramatically impact retirement planning—especially since these rules are constantly changing…
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