BISMARCK -- Some Social Security recipients in North Dakota will see a new income tax break under legislation signed by Gov. Doug Burgum Friday, April 26.
The bill allows singles with a federal adjusted gross income of $50,000 or less, as well as married couples filing jointly making $100,000 or less, to reduce their taxable income by the amount of their Social Security benefits that's taxed under federal law. The tax break is expected to have a $7.3 million hit to state coffers in the 2019-21 budget cycle.
Josh Askvig, state director for AARP North Dakota, previously said about 30,000 people here could claim the reduction. He said North Dakota is currently one of two states that fully tax Social Security at the state level.