Retirees in These 9 States Risk Losing Some of Their Social Security Checks
If you're not aware of your state laws, you could end up keeping less of your Social Security benefits.
American seniors are heavily reliant on Social Security to make ends meet. Six in 10 retirees said their benefits are a major source of income in the most recent iteration of an annual Gallup poll. That's one of the highest responses since the poll's inception in 2002.
Considering the huge importance of Social Security to retirees, it's essential for them to keep as much of their benefits as possible. Unfortunately, for some seniors living in nine states, they could see taxes take a big bite out of their monthly checks. Some retirees could lose up to 10% of their benefits to state taxes, depending on their income and where they live.
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