These 3 New England States Will Tax Your Social Security

I have to admit, this is pretty outrageous if you ask me.

People who collect social security from the federal government have usually worked for years (decades even), and have paid into that system waiting for the time in their life that they can start reaping what they have sown.

The age that you can collect varies from state to state, but according to the Social Security Administration, the earliest you can collect is age 62. However, to get the maximum benefit, the administration states you have to wait until you turn 67.

If you've financially planned well, hopefully you will be out of debt by the time you are ready to collect social security.  Not only are the amounts that you will receive potentially not enough to cover your expenses, but did you know that three New England states are going to take more of your social security in 2024?

There are a lot of states that tax social security, but here are the three states in New England that do it, according to NerdWallet.

Connecticut

Nerdwallet says if you live in Connecticut and you are single with an adjusted gross income of over $75,000, you're going to get taxed. For married people, the adjusted gross income needs to be over $100,000.

Rhode Island

The Nerdwallet article also states if you start taking social security benefits before you reach full retirement age, or if your adjusted gross income is $101,000 for being single, Rhode Island will tax you on your income.  If you are married and your adjusted gross income is $126,250, get ready for a tax.

Vermont

Vermont is really going loooow as far as income.

If you are single and your adjusted gross income is above $60,000, the Green Mountain State wants a piece (Really? Gawd).

If you are married, $75,000 and over will be taxed.

All these numbers came from Nerdwallet.

New Hampshire is one of the tax-friendliest states in the entire country, according to smartasset.com.

In the article, it states:

New Hampshire has no tax on personal income from salaries and wages. This means that retirement income - whether from Social Security, a pension or a retirement account - is not taxed at the state level. That can create significant savings for retirees as compared with other states.

The whole thing confuses the heck out of me, but it is good to know that the good ol' Granite State won't tax my social security.

I could have planned a little better when I was younger, so when I'm of age to collect, that monthly check has to stretch as far as it can.