
West Virginia is concluding a three-year plan to eliminate its state income tax on Social Security benefits, a move expected to increase monthly payments for nearly 500,000 recipients. This change aligns West Virginia with 41 other states that do not tax these benefits. Lawmakers anticipate the savings will provide meaningful financial relief for seniors, potentially boosting local economies through increased spending by retirees. The full exemption applies regardless of income level, marking a significant shift in retirement policy for the state.
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