These 13 States Tax Social Security Benefits

The Social Security program may be in long-term trouble, but its importance for current and future retirees is growing.

According to national pollster Gallup, a survey conducted in 2015 on retirees showed that 59% rely on Social Security to be a major source of income in retirement, with another 31% citing their benefits as a minor source of income. As for non-retirees, 36% expect Social Security income to represent a major source of their income -- the highest level since Gallup's poll began in 2001 -- with another 48% anticipating it'll be a minor source of monthly income. Without Social Security income, quite a few current and future retirees would struggle to make ends meet.

But Social Security is in trouble. Beginning in 2020, according to the latest Social Security Board of Trustees report, the program's cash inflow, including interest earned on its $2.8 trillion in spare cash, will turn into a cash outflow due to the increasing number of boomers leaving the workforce, a falling worker-to-beneficiary ratio, and lengthening life expectancies. By the year 2034, per the Trustees, the program will have used up the entirety of its spare cash, potentially leading to a 21% cut in benefits....
https://www.fool.com/retirement/2016/09/17/these-13-states-tax-social-security-benefits.aspx