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  2. It's True: These 37 States Do Tax Some Retirement Income - AOL

    www.aol.com/finance/true-37-states-tax...

    Michigan. New Jersey. New Mexico. Oklahoma. Rhode Island. South Carolina. Exclusions, deductions, and exemptions can vary quite a bit from one of these states to the next. For instance, in New ...

  3. It's True: These 37 States Do Tax Some Retirement Income - AOL

    www.aol.com/true-37-states-tax-retirement...

    These 9 states tax Social Security benefits. Here are the nine states that do tax Social Security benefits: Colorado. Connecticut. Minnesota. Montana. New Mexico. Rhode Island. Utah.

  4. It's True: Most States Do Tax Some Retirement Income - AOL

    www.aol.com/finance/true-most-states-tax...

    This doesn't mean you'll pay 85% tax ($20,400). Instead, $20,400 could be added to your annual income and taxed like any other income. If your tax rate is 22%, for example, you could owe up to ...

  5. States that tax Social Security benefits — including changes ...

    www.aol.com/finance/states-that-tax-social...

    Colorado. Colorado reduced its income tax rate to 4.25% in May 2024, down from 4.4% in 2023. But if you turn 55 during the tax year, you can write off up to $20,000 in Social Security benefits. As ...

  6. Federal tax revenue by state - Wikipedia

    en.wikipedia.org/wiki/Federal_tax_revenue_by_state

    Fiscal Year 2019. This table lists the tax revenue collected from each state, plus the District of Columbia and the territory of Puerto Rico by the IRS in fiscal year 2019, which ran from October 1, 2018, through September 30, 2019. The gross collections total only reflects the revenue collected from the categories listed in the table, and not ...

  7. Federal Insurance Contributions Act - Wikipedia

    en.wikipedia.org/wiki/Federal_Insurance...

    United States portal. v. t. e. The Federal Insurance Contributions Act (FICA / ˈfaɪkə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

  8. Taxation in Puerto Rico - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_Puerto_Rico

    [16] [17] The IRS does not require individuals or households below the poverty threshold to pay federal income tax. Puerto Rico residents pay more in federal income taxes every year than do residents of six U.S. states: "From 1998 up until 2006, when Puerto Rico was hit by its present economic recession, Puerto Rico consistently contributed ...

  9. 13 states that don’t tax your retirement income - AOL

    www.aol.com/finance/13-states-don-t-tax...

    Here’s what you need to know about how different states tax retirement income, including the states where you won’t pay taxes at all. States with no income tax. Retirement distributions from ...

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