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

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

   2025 tax year — 65% of Social Security benefits allowed as deduction. ... plus 50% of your Social Security benefits. Knowing your combined income, you can check it against the income thresholds ...

3. Social Security 2023: 5 Tax Breaks Social Security ... - AOL

   www.aol.com/finance/social-security-2023-5-tax...

   Social Security recipients can stash up to $7,500 in pre-tax dollars in an IRA in 2023, up from $7,000 last year. Contributions to a health savings account (HSA) might also be tax-deductible and ...

4. This sneaky tax on Social Security keeps bruising more and ...

   www.aol.com/finance/sneaky-tax-social-security...

   Social Security’s primary source of funding is payroll tax revenue. Each year, a wage cap is established that dictates how much income is taxed per worker for Social Security purposes. In 2025 ...

5. 10 Tax Breaks Every Middle-Class Family Should Take ... - AOL

   www.aol.com/10-tax-breaks-every-middle-180044100...

   Try these tax breaks available to middle-class families in ... And withdrawals for non-medical expenses are tax free after age 65. Tax Loss Harvesting. ... under $160,000 can claim the full credit ...

6. 41 States That Won’t Tax Social Security Benefits in 2025 - AOL

   www.aol.com/news/41-states-won-t-tax-120052301.html

   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 ...

7. Tax breaks after 50 you might not know about - AOL

   www.aol.com/finance/tax-breaks-after-50-you...

   It taxes Social Security the way the federal government does currently — with a $5,500 deduction for taxpayers over 65. New Mexico only taxes Social Security benefits if you earn more than ...

8. 20 Valuable Tax Breaks for Seniors - AOL

   www.aol.com/finance/20-valuable-tax-breaks...

   The so-called golden years can be financially challenging, but state and federal tax breaks can provide some silver linings. Find out what's available. 20 Valuable Tax Breaks for Seniors

9. 8 Tax Breaks Retirees Can Prepare to Use for 2024 - AOL

   www.aol.com/finance/8-tax-breaks-retirees-2024...

   Certain taxpayers aged 65 or older are eligible for the elderly credit, which is a tax break that could mitigate the amount of tax owed up to $7,500. To qualify for this credit include Individuals ...