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In 2025, Colorado residents between the ages of 55 and 64 will be exempt from state Social Security taxes if they have an AGI of less than $75,000 for single filers and $95,000 for joint filers.
Instead of paying 85% on $20,000 ($17,000), Social Security would take the $17,000, add it to any other income you have, and then tax it at your regular tax rate.
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 ...
Its residents between the ages of 55 and 64 aren't taxed on their first $20,000 worth of yearly Social Security income, while anyone over the age of 65 living in the Centennial State doesn't owe ...
Where you live matters when it comes to paying taxes on Social Security benefits.
Filing As. Combined Income* Percentage of Benefits Taxable. Single individual. Between $25,000 and $34,000. Up to 50%. Married, Filing Jointly. Between $32,000 and $44,000
In the state of New Mexico, as of 2023, tax on Social Security benefits has been phased out for individuals earning less than $100,000 a year and married people filing jointly who earn less than ...
States that don’t tax Social Security. Most states don’t levy state income tax on Social Security benefits, and some of those don’t have state income tax at all. 9 states with no state ...