Receiving your monthly Social Security check in the United States is very good news, but the tax it can generate can put a damper on a personal situation. After the Christmas season when you have so many expenses, knowing that you will not pay tax on your Social Security check is really good news.
But to receive this benefit in the form of tax savings, it is mandatory to live in one of these states. If we want to take advantage of the situation, we will only have to move in the future to one of these states. However, there is no guarantee that in a few years the tax situation will be exactly the same.
For the time being, knowing exactly what these states are can help many Social Security users to forget about paying taxesand simply enjoy their benefit money. Do you live in one of these states or would you like to move to one of them?
States where state Social Security tax is not required
If your state is on this list, you already know that you will not have to pay state taxes. But don’t forget that there are other types of taxes, such as federal taxes, that you are required to pay, regardless of the state in which you live.
How do you get the biggest pension check despite paying taxes?
To get the most money possible you need to apply for full retirement. This is at age 67. But it is also possible to get a good Social Security check at age 62 if you control the other factors.
Retiring at Early Retirement Age with a big SSA check requires controlling for two other factors. The first is having a high salary as a worker. The second of these is working for at least 35 years. By maximizing these two factors we will have the largest possible check without the need to be 67 years old to get it.