Bill > HB2792

This bill proposes to fully exempt social security benefits from West Virginia state personal income tax, with a gradual phase-in approach. Specifically, the bill introduces a new tax modification that will allow residents to exclude 100% of their social security benefits from state taxable income, but implements this change incrementally. For the tax year 2024, social security benefits will first be added to the list of modifications that can be subtracted from federal adjusted gross income. Then, for tax years beginning in 2024, 35% of social security benefits will be excludable; in 2025, 65% will be excludable; and starting in 2026, 100% of social security benefits will be exempt from state income tax. The exemption is subject to income limitations: it is only available for married couples filing jointly with federal adjusted gross income under $100,000, or for single filers or married individuals filing separately with federal adjusted gross income under $50,000. This change aims to provide tax relief for retirees and seniors by reducing their state tax burden on social security income.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2792&year=2025&sessiontype=RS&btype=bill