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Living in some U.S. states may have their Social Security Check 2023 benefits taxable. In this article, read and find out which state in the U.S. retirees may lose some Social Security benefits.
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Social Security Benefits [Photo: Tododisca]
According to Quirós Villalba, unfortunately, other beneficiaries cannot afford to move to another state. Therefore, these beneficiaries only look for some additional sources of income like working a side hustle or selling things they do not need anymore.
READ ALSO: Social Security Check 2023: 3 Different Payments Rolling Out In March
States That Lose Some Benefits in Their Social Security Check 2023
According to Hagen, the money the beneficiaries have to pay out of their Social Security benefits is taxes. These taxes are necessary, therefore, it is advised to pay them to avoid additional penalties and surcharges.
If a beneficiary is considering moving to another state, keep in mind that in 12 of the U.S. states, beneficiaries will have to pay some part of their Social Security benefits as state taxes. These states include West Virginia, Vermont, Utah, Rhode Island, New Mexico, Nebraska, Montana, Missouri, Minnesota, Kansas, Connecticut, and Colorado. Living in one of these U.S. states, a beneficiary must need to take into consideration the state taxes they have to pay when they start claiming their Social Security Check 2023.
READ ALSO: Social Security Internet Discount For SSI Recipients— Here’s How You Can Claim Them!
