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New Mexico lawmakers gather for special session on cannabis and economic development funds
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Minnesota weighs tax filing deadline delay, to match May 17 federal deadline
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Minnesota Senate passes tax relief on pandemic aid for some businesses, workers Some Democrats argue the proposal does not go far enough to help workers. March 11, 2021 2:17pm Text size Copy shortlink:
The Minnesota Senate is moving quickly on state tax relief for some businesses and unemployed workers who received federal pandemic aid, arguing lawmakers must act now as people are filling out their 2020 tax returns.
A proposal that passed on a bipartisan 55-12 vote on Thursday would conform state and federal tax code for the tens of thousands of state businesses that received forgivable Paycheck Protection Program loans, which were used to help cover employee salaries even as some businesses were shuttered due to the pandemic.
Los Barrios aprueba el estudio de detalle para el recinto fiscal de Zona Franca en El Fresno
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4 States Where Taxes on Social Security May Fall Soon
These states are considering reducing or even eliminating income taxes on Social Security benefits.
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Paying federal income taxes on Social Security benefits is a source of great irritation for millions of retirees. After years of coughing up payroll taxes to support the system, some retirees find it galling to be on the hook for an additional levy once they begin receiving benefits.
Even worse, depending on where you live, you might have to pay state income taxes on Social Security benefits, too.
Not every state has such a tax. In fact, 26 states do not Social Security tax benefits at all as of the 2020 tax year, the one for which your return is due this spring. Other states tax benefits to varying degrees.