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Some West Virginians to get a tax break in 2020

From the Logan Banner

WEST VIRGINIA— Good news for those West Virginians who receive Social Security benefits: Beginning in 2020, many will be getting a tax break.

The 2019 legislative session passed a law that allows 35% of a person’s 2020 Social Security benefits to avoid income taxes. For this tax reduction to apply, the person’s federal adjusted gross income must be $50,000 or less (or a maximum of $100,000 for a married couple).

In 2021, the tax-free amount increases to 65% of the Social Security benefits, again with the top limit of $50,000 federal AGI per person. …

Read more: https://www.loganbanner.com/news/some-west-virginians-to-get-a-tax-break-in/article_b6d583b4-deb8-5f13-bc48-3db9ce2b25fa.html

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