Taxes
How retirement income is actually taxed: when your Social Security benefit becomes taxable, how required minimum distributions affect your bracket, the senior standard deduction, and which states tax retirement income.
We work from IRS and state revenue guidance and date our figures, because thresholds change most years. This is general information — for your own return, use a qualified tax professional.
Latest Articles
9 States That Tax Social Security Benefits
Did you know that certain states tax social security benefits? While there are known federal taxes on some social security retirement benefits…
12 Dos and Don’ts of Reducing Your Taxes in Retirement
A senior woman reviews financial documents with a laptop and calculator to find smart ways to lower retirement taxes. Do you know…
11 Little-Known LEGAL Ways to Reduce Your Taxes
Taxes might be an inevitable part of life, but still, the majority of people wouldn’t want to hand over a portion of…
6 States With the Lowest Taxes
Relaxing on a balcony overlooking the water, this man enjoys the financial freedom of living in a low-tax state. Did you know…
2023 Taxes and Inflation: 5 Things To Know
Unfortunately, we can’t escape inflation! Even though we all want to live a happy life and not care about how much money…
10 Tax-Friendly States for People With An Average Income
A happy couple walks through a welcoming, tree-lined neighborhood with shopping bags as friendly neighbors wave from their doorsteps. Best States for…
7 Retirement Tax Surprises to Prepare For
A happy senior woman stands in a sunlit garden, embracing the freedom and peaceful lifestyle that comes with retirement. Are you ready…
12 Things You Can’t Deduct From Your Taxes
How much do you know about the things you can deduct from your taxes? If you want to pay less for your…
Tax Season Knocking at the Door? 6 Easy Steps to Get Ready
Marking important deadlines on a calendar helps you stay organized and prepared as the busy tax season quickly approaches. Are you ready…