Social Security is a financial lifeline for many retirees across the United States. For nearly 40% of Americans aged 65 and older, it accounts for at least half of their income, according to AARP. However, where you reside can significantly affect how much of your Social Security check you actually get to keep.
While federal taxes may claim up to 85% of your Social Security benefits depending on your income, some states also levy taxes on these benefits. Fortunately, the number of states doing so is shrinking, with only nine states taxing Social Security in 2025.
Let’s explore the evolving tax landscape and why retirees in 41 states can breathe a little easier.
List of States Taxing Social Security
By 2025, only nine states will still tax Social Security benefits:
- Colorado
- Connecticut
- Minnesota
- Montana
- New Mexico
- Rhode Island
- Utah
- Vermont
- West Virginia
Changes in State Laws
Several states recently joined the growing list of those exempting Social Security from taxation:
- Missouri and Nebraska will fully eliminate Social Security taxes starting in 2024.
- Kansas passed legislation in 2024 to end Social Security taxation going forward.
- West Virginia plans to phase out Social Security taxes completely by 2026.
States That Won’t Tax Social Security in 2025
Here’s the full list of 42 states Washington, D.C., where your Social Security benefits will be free from state taxation:
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Mississippi
- Missouri
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- South Carolina
- South Dakota
- Tennessee
- Texas
- Virginia
- Washington
- Wisconsin
- Wyoming
- Washington, D.C.
How Much Do Retirees Save?
Living in a state that doesn’t tax Social Security benefits can lead to substantial savings. To estimate your savings, consider the effective tax rate in your state and apply it to your Social Security benefits.
For example:
- If your effective tax rate is 5% and you receive $30,000 annually in Social Security, you could save $1,500 a year.
This benefit varies depending on your state’s tax rules. Some states, like Colorado, offer deductions or exemptions based on age and income. For instance, in Colorado:
- Residents aged 55-64 with adjusted gross incomes of $75,000 (single) or $95,000 (joint) will qualify for a full exemption starting in 2025.
Big Picture Impact
The collective savings for retirees in states eliminating Social Security taxes are significant:
- Missouri retirees will collectively save an estimated $309 million annually.
- In Nebraska, the annual savings amount to around $17 million.
These changes leave more money in retirees’ pockets, enhancing their financial security and spending power during their golden years.
Why This Matters
For retirees, every dollar matters. The state you choose to live in can have a profound impact on your retirement finances. As more states eliminate Social Security taxes, retirees have increased options to maximize their benefits and enjoy a more financially secure retirement.
When planning your retirement, take the time to explore the tax policies of your chosen state. Even small differences in state tax laws can lead to big savings over time, helping you keep more of the money you’ve earned.