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Retirees in some states will keep more money in their pockets beginning this year.
Retirees in a handful of states may enjoy fatter wallets this year. In several places, state income taxes on Social Security retirement benefits are lower in 2025 due to recent legislation. And in one other state, taxes might be cut sometime this year. It is important to note that these changes do not impact the amount of federal tax on Social Security benefits. But a falling state tax rate is…
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