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Social Security Taxes. If you have significant retirement income other than Social Security, ... A single filer over 65 gets an extra $1,750 deduction, a couple filing jointly gets an extra $1,400 ...
The simplest answer is yes: Social Security income is generally taxable at the federal level, though whether or not you have to pay taxes on your Social Security benefits depends on your income level.
State Social Security taxation varies greatly by state and can often be complicated. In Colorado, for example, beneficiaries younger than 65 can exclude up to $20,000 in benefits from their income ...
For example, in Colorado, residents ages 65 and older have been able to fully deduct federally taxed Social Security benefits on their state income tax returns since tax year 2022. For 2025, that ...
The good news is that 41 states and Washington, D.C. -- which represents well over 90% of the U.S. population older than 65 -- don't tax Social Security benefits. The not-so-encouraging news is ...
According to Colorado Public Radio, the current deduction is “unlimited, effectively eliminating state taxes on Social Security for people over 65.” Delaware. Georgia.
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