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39 states do not tax Social Security do you plan to retire in one of the states that does tax it youamp;#39;re going to want to know that Iamp;#39;ve got that more coming up my name is Mike Bernard Iamp;#39;m the host of the wise money show Almost one of the certified financial planners right here at cohort Financial Group make sure you hit that subscribe button turn on notifications and smash that Thumbs Up Button taxation on Social Security feels like feels like a rip-off guys Iamp;#39;ve I can get on a soapbox with this because hereamp;#39;s hereamp;#39;s the deal you pay FICA tax that four letter f word on your wages and self-employment income and uh up to a certain amount 160 some thousand dollars this year you pay the Social Security portion of hika 6.2 percent on your wages up to that that limit of 160 000 or so but that FICA tax that you pay thatamp;#39;s not a deduction thatamp;#39;s not a deduction so youamp;#39;re paying that tax and not getting a tax deduct