37 States That Don’t Tax Social Security Benefits

"List of States that don't tax social security benefits"

One of the biggest issues of concern to retirees is how much tax is going to be taken out of their Social Security check. Of special interest to retirees is whether their Social Security benefits are taxable at the state level. In this post, we will list the 37 states that don’t tax Social Security benefits. Many retirees are surprised to learn that they can end up having to pay federal income tax on their Social Security benefits. The federal government taxes up to 85% of your benefits, depending on your income. In addition, some states also require residents to […]

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Is Social Security Income Taxable in 2020?

"Is Social Security Income Taxable"

One of the most popular questions we get from Social Security applicants and new beneficiaries is whether Social Security income is taxable.  The simplest answer is yes, Social Security is taxable at the federal level and even in some states. This usually comes as a surprise to many new Social Security beneficiaries. That is because, after working their entire lives and having Social Security payroll taxes withheld from their paychecks, many workers feel like they’ve earned their Social Security benefits and are not sure why they have to pay taxes on them. In this post, we will explain why Social Security […]

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Can Social Security Benefits Be Garnished?

"Can Social Security Benefits Be Garnished"

If you are currently receiving Social Security benefits but are behind on your debt payments, you may be worried about the garnishment of your benefits. In this post, we will answer the question – “Can Social Security Benefits Be Garnished?” and explain the types of debt you may have that can cause your Social Security benefits to be garnished. This is part of our Social Security Questions and Answers Series. This post will cover: What is the Garnishment of Wages? Can Social Security Benefits Be Garnished? Can Benefits on Direct Express Card be Garnished? Your Bank’s Responsibility to Protect Your […]

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What is the Social Security COLA Increase? – 2020 Guide

The Social Security Administration has announced next year’s cost-of-living adjustment (COLA). However, this year’s increase is a modest number compared with last year’s. In this post, we will review the 2020 Social Security COLA Increase and explain the other 5 major changes that are coming for Social Security that you should know about. This post about Social Security COLA Increase will cover: What is Social Security COLA? Social Security COLA Increase for 2020 Social Security COLA History 2020 Social Security Changes that Might Affect You What is Social Security COLA? The Social Security Administration (SSA) is required by law to […]

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What is the Maximum Social Security Benefit? – 2020 Guide

"How do I get the Maximum Social Security  Benefit"

The maximum Social Security benefit an individual can receive depends on the age at which the person retires. In this post, we will explain in detail what the maximum monthly Social security benefit is, according to the age you retire. We will then provide the maximum benefit amounts for 2020. This Post about Social Security Maximum Benefit will cover: What is the Maximum Social Security Benefit? 2020 Maximum Social Security Benefit Top 5 Social Security Retirement Questions What is the Maximum Social Security Benefit? With a formula based on your average earnings over the course of your career, Social Security […]

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2020 SSDI Benefits Eligibility and How to Apply

"How does SSDI Benefits Work"

Social Security disability insurance (SSDI Benefits) is a Social Security program that pays monthly benefits to you if you become disabled before you reach retirement age and are not able to work. In this post, we will walk you through what you need to know to successfully apply for SSDI benefits, including how much you will receive if approved, work and medical eligibility requirements, how disability decision is made and what happens after you apply. This post on SSDI Benefits will cover the following: What is Social Security Disability Insurance (SSDI)? How Much in SSDI Benefits Can I Get? Who […]

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SSI Income Limits – 2020

"What is the SSI income limit"

In this post, we will review the SSI income limits. We will explain in detail how much you can earn and still continue to receive Supplemental Security Income benefits. In addition, we will review the income limit for a child and for married couples. This post on SSI income limits will cover: What is Supplemental Security Income? What is Counted as Income for SSI? How Much Will I Receive in SSI Benefits? SSI Income Limits for 2020 How do I apply for SSI? SSI Frequently Asked Questions (FAQs) What is Supplemental Security Income? Supplemental Security Income (SSI) is a federal […]

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How are Social Security Benefits Calculated?

"How does social security calculate benefits"

One of the most often asked questions about social security is this – How are Social Security Benefits Calculated? In this post, we are going to answer the question in detail, and show you how you can calculate how much benefits you are likely to get if you retire early at age 62, or wait till your full retirement age, or even at age 70. We will explain the formula the Social Security Administration uses to calculate benefits, what PIA and AIME mean, and why claiming benefits early means you may get 25% less money than you are entitled to. […]

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Here’s Your Social Security Retirement Age [2020 Guide]

"What's my Social Security Retirement Age"

Your full retirement age (FRA) is the age at which you are eligible to receive 100% of your Social Security retirement benefit. In this post, we will review the FRA and how you can determine your retirement age based on the year you were born. We will then review how much you will lose in benefits if you start collecting benefits early, and offer 5 reasons why it makes sense for some people to collect benefits early. Finally, we will review how Social Security benefits are taxed and help you figure out if your benefits will be taxed. This post […]

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Your Social Security Questions Answered

"Get your Social Security Questions Answered"

This post is about answering the most common Social Security Questions. If you would like to submit a question about Social Security, you can do so in the comments section below. Social Security Questions Answered Here are the common Social Security, Disability and SSI benefit questions we have received from our readers. If you have questions of your own, please ask us in the comments section below. What month do Social Security benefits begin? An individual first becomes eligible to receive Social Security benefits during the month after the month of their 62nd birthday. Once you have applied, it could […]

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