The pandemic has had a long-lasting influence on our culture, including encouraging relocation at previously unheard-of levels. Imagine the surprise of a recently relocated retiree who discovers that their previously untaxed Social Security benefits are now included in their taxable income at the state level. Taxation of these benefits could have a serious impact on their lifestyle and may provide a less beneficial financial picture than was first thought. Want to know whether your state taxes Social Security benefits? Read on to learn more.
- The Toll of Serving as Fiduciary - May 16, 2022
- The Power in Powers of Appointment - May 9, 2022
- Application of the Transfer for Value Rule to the Sale of Life Insurance - May 2, 2022