Federal Tax Exemptions

These 9 states still tax your Social Security

Retirees in These 9 States May Lose Some of Their Social Security Benefits at Tax Time

Retirement account withdrawals and earnings from a job may not be the only taxable income you have, either. The federal government taxes seniors' Social Security benefits if their income exceeds certain thresholds. If you live in one of the following nine states, you could owe some state Social Security benefit taxes as well.

Newsweek on MSN · 5d

Map Shows States That Tax Social Security

Taxation on Social Security benefits can significantly affect retirees' net income, influencing their choice of residence and overall financial planning. Colorado, Connecticut, Minnesota, Montana, New Mexico, Rhode Island, Utah, Vermont and West Virginia currently still impose taxes on Social Security benefits, with varying tax rates.

Explícame on MSN · 3h

Attention, retirees: These 9 states still tax your Social Security

Social Security benefits are a crucial income source for many retirees in the US. While most states don't tax these benefits, a few do. Here's what you need to know about where your benefits might be taxed and how federal rules apply.

2025 is set to be an important year for federal tax policy impacting farming and other businesses

Farmers and landowners need to stay informed on estate tax planning and other laws as the new Congress embarks on writing new ...

If Trump Reinstates Tax Cuts, Here’s How Much You Could Save

During President Trump's first term, he overhauled the tax code with his 2017 Tax Cuts and Jobs Act (TCJA). Many of those ...

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New House Bills Would Expand Tax Exemptions, Deductions For Seniors

The Bonus Tax Relief for America's Seniors Act would increase the additional bonus IRS deduction for seniors age 65 and over from $1,950 to $5,000 for single filers, and from $3,100 to $10,000 for ...

Inheritance tax hits chopping block as more than 200 Republicans push for repeal

More than 200 House and Senate Republicans are backing a bill to repeal the federal estate tax just as congressional ...

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Want Over $1000 per Month in Tax-Free Income? Buy These 8 Municipal Bond ETFs

These high-yielding municipal bond ETFs trade below net asset value, meaning the price of the funds is less than the value of ...

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Why credit unions matter more than ever—and why leaders must defend their tax status

This year, credit union leaders face a pivotal moment—one that could shape the future of our industry for decades to come. The scheduled expiration of key provisions from the ...

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US credit unions campaign to preserve the sector’s income tax exemption

While they are exempt from income tax, credit unions pay other state and federal taxes in 2023 amounting to $23bn in federal ...

Are There Any Tax-Free Investments?

Though death and taxes may be certain, investors should always seek legal ways to minimize their tax liability. Lower taxes mean higher net investment returns and higher disposable income.

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Ghent fire, surviving spouse tax exemption, federal worker buyout: Sunrise Brief

A fire broke out at Crudo Nudo on Wednesday, a restaurant in the Ghent District of Norfolk. Fire officials say the smoke damage impacted numerous nearby businesses.

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