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    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #1

    Sep 17, 2016, 05:21 AM
    Social Security State Tax
    Someone told me some states charge a tax on your social security income. One of the states is Vermont. Isn’t that the state, Bernie Sanders comes from. Isn’t he looking out for the poor?
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Sep 17, 2016, 06:35 AM
    Only if you pay federal tax on you SS. Poor people wouldn't pay it.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #3

    Sep 17, 2016, 07:24 AM
    Bernie is a US Senator, not a State legislator. While he may have an influence he does not have any say in state laws.
    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #4

    Sep 17, 2016, 07:33 AM
    Oh I see. Very interesting
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Sep 20, 2016, 01:45 AM
    Comments made are VERY valid.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #6

    Sep 20, 2016, 06:01 AM
    You pay taxes on SS if you file as an individual and your combined income exceeds $25,000.
    If you file a joint return, you pay taxes if you and your spouse have combined income of more than $32,000.

    “Combined income” includes your adjusted gross income, tax-exempt interest income and JUST HALF of your Social Security benefits.
    Let's say you are a couple and you each got 12,000 SS, and one of you worked part time and earned another 15,000, = 39,000. BUT notice the half! You don't owe on any of the SS, because half of 24,000 SS = 12,000, + 15,000 from working equals 27,000, below the 32,000 limit for couples.

    Most state taxes I know about pretty much follow the federal rule.
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #7

    Sep 20, 2016, 07:15 AM
    Georgia excludes ALL SS, pension and IRA income from taxation. Plus, the county I live in eliminates school taxes on your house when you turn 65. Great place to retire!
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #8

    Sep 20, 2016, 08:52 AM
    What??? I pay 327/mo for property tax and that's after the senior discount. About 2/3 of it is for education!
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #9

    Sep 20, 2016, 11:50 AM
    Quote Originally Posted by joypulv View Post
    What??? I pay 327/mo for property tax and that's after the senior discount. About 2/3 of it is for education!
    Cherokee County GA, metro Atlanta. Must be65+. House tax base $237,000, paid $874 last year. Some counties have income limits, some don't, must be primary residence. Google" senior property tax exemption in GA". As I said, great retirement location, particularly in the mountain areas.
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