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TAX EXEMPTIONS FOR RETIREES
Social Security benefits are still taxed in these 8 US states in 2026: Check if your retirement income is at risk and whether you qualify for exemptionsWhen it comes to taxes, every state has its own way of doing things. Some states give certain income or age groups a break, while others lo...
Will you pay lower income tax on mutual fund capital gains after retirement? Know 7 ways to reduce your tax burdenRetirement doesn't mean tax-free mutual fund income. Understand how capital gains, IDCW payouts, and SWPs are taxed. Discover strategies li...
A retiree had 800 gallons of maple syrup in the barn. Here’s why selling it may not cut Social Security benefitsA Vermont retiree with 800 gallons of finished maple syrup could sell the inventory after retirement without those sales necessarily counti...
Rs 4.5 crore retirement corpus: Can you get Rs 4 lakh monthly income without losing your corpus?For retirees looking to maximise their post-tax earnings, allocating a Rs 4.5 cr corpus into mutual funds is a viable option. Utilising a b...
Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exemptRetirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It...
Missed the Enhanced STAR deadline? Thousands of New York seniors could still recover $1,000 property tax relief through a hidden late-filing opportunity many homeowners never realized existedThousands of New York seniors may still qualify for Enhanced STAR property tax relief worth more than $1,000 despite missing earlier filing...
Why up to 85% of your Social Security could be taxed, and retirees often miss itSocial Security Taxes 2026: Over 67 million Americans receive Social Security benefits, yet many retirees do not know up to 85% of their So...
A little-known federal tax could shrink your Social Security checks in 2026 — here’s how to prepareNearly 50% of retirees already pay federal income tax on Social Security benefits. That share is rising in 2026. The Social Security tax th...
Your retirement location could cost you thousands: 9 states that still tax Social SecurityNine American states continue to tax Social Security benefits. However, many offer exemptions or credits to ease the burden on retirees. Co...
6 tax mistakes to avoid in first year of retirement: ITR filing, Form 15H, gratuity and NPS taxation explainedThese can increase your tax liability and also result in penalties, fines and notices from the tax department.
A painful Social Security shift is coming in 2026 — here’s who gets hurt mostIn 2026, Social Security is changing with major impacts for workers. The wage base limit rises to $184,500, increasing payroll taxes for hi...
Do you live in one of these 9 states? Your Social Security benefits could be at riskSocial Security benefits reached record highs in 2026, yet taxes still reduce retiree income nationwide. Eight states continue taxing benef...
These 13 states don’t tax retirement income — see where your Social Security and pensions are safeThirteen U.S. states do not tax retirement income in 2026, offering major savings for retirees. Nine states have no income tax, while four ...
Social Security just changed: 7 new rules now in effect - what you need to knowSocial Security has changed in 2026 with seven new rules. Monthly benefits are higher because of a COLA raise. Some workers will pay more t...
Social Security taxes vary by state — here’s who takes a cut and who doesn’tSocial Security taxes are shifting in 2026. While federal rules still tax up to 85% of benefits, new senior deductions offer major relief t...
These 9 states tax Social Security benefits in 2025: here’s how retirees can reduce or avoid Social Security taxesNine states still tax Social Security benefits in 2025. Rules vary by age and income. Colorado, Connecticut, and Minnesota offer full or pa...
Social Security boost: Michigan exempts benefits, tips, and overtime from state taxes — average resident could save $500 a yearMichigan just eliminated state taxes on Social Security. This change saves seniors about $500 yearly. It boosts retirement income at a time...
New bill ending federal taxes on Social Security benefits in 2026: Millions of retirees may see bigger checks and less tax burdenA new bill introduced in the U.S. Congress aims to eliminate federal taxes on Social Security benefits for nearly all recipients. The legis...
Where to live tax-free in 2025: Best states for retired US military personnelMany US states are offering tax breaks to military retirees. Twenty-seven states do not tax military retirement pay. Nine states have no in...
Budget 2016: Why government is wrong in taxing EPFThe best way to tax savings is indeed to exempt them at the time of contribution, exempt them at the time of accumulation and tax them at t...