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Hello. I will be moving from California to Pennsylvania to retire and not sure if I need to wait until I've moved to PA to apply for SS so it's not taxed or if I apply while I'm still in CA and then move will SS be taxed until I get my new address? Thanks.
I was happy to see that when I retired, all my income sources asked me if I want taxes take out. In the working world you don't have a choice.
None of my income is taxed, but at the end of the year I need to pay the IRS, but as the year progresses I concentrate on tax deductions and by tax time I really don't owe that much.
Hello. I will be moving from California to Pennsylvania to retire and not sure if I need to wait until I've moved to PA to apply for SS so it's not taxed or if I apply while I'm still in CA and then move will SS be taxed until I get my new address? Thanks.
California doesn't tax Social Security benefits so this is a totally moot thread.
When you move part-way through a tax year, you generally pay taxes to each state for the income you earned while living there. If you live in California for the month of January, you file a part year California return for those 31 days and a part year return in Pennsylvania for the other 334 days.
The 13 states that tax Social Security are Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont and West Virginia.
The 13 states that tax Social Security are Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont and West Virginia.
New Mexico state income tax calcs begin with your federally taxable income tax, plus/minus adjustments. If your s/s is not taxed by the feds it won't be taxed by NM.
The 13 states that tax Social Security are Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont and West Virginia.
California doesn't tax Social Security benefits so this is a totally moot thread.
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Originally Posted by cdelena
The 13 states that tax Social Security are Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont and West Virginia.
The bolded is just what I was thinking. OP, why did you assume that California taxes Social Security benefits? Perhaps because California is a high-tax state, generally speaking? Yes, it is that, but not in every respect, as you can see here.
The 13 states that tax Social Security are Colorado, Connecticut, Kansas, Minnesota, Missouri, Montana, Nebraska, New Mexico, North Dakota, Rhode Island, Utah, Vermont and West Virginia.
Colorado doesn't take state taxes on the first $24k (I think) of retirement income. That would be close to a current maximum Soc. Sec. annual payout at FRA.
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