Efforts are underway to make paying for retirement easier

Efforts are underway to make paying for retirement easier. A bill introduced last week would exempt social security benefits from state income tax. According to bill drafters, Vermont is one of only 9 states with tax benefits. The bill proposes an 8-year plan to gradually phase out the tax on social security income. If passed, it would start next year and end the tax by 2034. Under the current plan, the tax is only exempted for people making under $50,000 and couples under $65,000.