My income is from social security and dividends. Will I owe state tax in Kansas?
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Hi, @bbq2 , thanks for the question! To answer, if your federal adjusted gross income is $75,000 or less, regardless of your filing status, your social security benefits are exempt from Kansas income tax. The exemption for social security benefits applies only to the extent the benefits are included in your federal adjusted gross income. Hope this helps, please let me know if this raises additional questions!
Hello bbq2,
The good news is that, the state of Kansas is very retirement friendly. The state exempts all Social Security Income for seniors with AGI of $75,000 or less. So if your income is less than $75,000, you will not pay taxes in Kansas. Kansas Retirement Tax Friendliness
Here's a link to FAQs from the Kansas State Dept. of Revenue Frequently Asked Questions About Individual Income
If Social Security is your ONLY income, it may not be taxable even at federal level.
TAX ON SOCIAL SECURITY
Up to 85% of your Social Security benefits can be taxable on your federal tax return. There is no age limit for having to pay taxes on Social Security benefits if you have other sources of income along with the SS benefits. When you have other income such as earnings from continuing to work, investment income, pensions, etc. up to 85% of your SS can be taxable. Here's some more information Is my Social Security income taxable?
I hope this answers your question.
Best Regards
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