West Virginia phases out Social Security tax

11 articles · Updated · The Motley Fool · Apr 30

The change takes effect this tax year, leaving eight states that still tax Social Security benefits and 42 states plus Washington, DC that do not.
The report says retirees may still face federal taxes on benefits, depending on combined income thresholds for single and joint filers.
It adds that retirement planning should weigh overall living costs, property taxes and healthcare quality, not just state income-tax treatment.

Could chasing tax-free retirement states actually leave you worse off once hidden costs like property taxes and healthcare are factored in?

With looming Social Security cuts and new benefit caps, how should retirees rethink their savings and state of residence for long-term security?

What residency pitfalls could unexpectedly trigger tax bills for retirees who move, and how can they avoid costly mistakes?