Nevada
When it comes to your retirement finances, don’t take any chances (or gamble)! This is why, paradoxically, you should consider Nevada. Not only is your pension, 401(k), or IRA guaranteed not to be taxed by the government, but all your income (no matter where it comes from and including social security payments) is not going to be taxed.
To make things better for this state and to make you see things in a different light, they also have no estate or inheritance taxes! And you shouldn’t only think about Las Vegas, as Nevada has a lot more quiet and calm towns where you can spend your golden years!
So much more needs to be considered when deciding where to retire. I have noticed a huge disparity in property taxes from state to state & sometimes towns or counties within the state. Maybe you’re not being taxed on retirement income but would pay a premium on property taxes & medical expenses etc. For example, Florida has no income tax but their property taxes are quite high as are condo dues if you’re living in an HOA. Do your research!
excellent statement !
So, if the only income you’ve only received in 2022 was income for SNAP food services, must that be an actual income?
This would be a good article if a person did not have to click through page after page. This all could have fit on one page.
Agree with Jim
These ads are a drag….
Agreed
Wow…Texas?
Very very high real estate taxes
No if you’re 65 or older.
thanks for the information it is very useful
What about Kansas?
I thought Florida was one of the states that didn’t tax seniors
Good to know.
Well you are wrong. Florida texes is high.
I live in California and I do not pay taxes on my social security. Why wasn’t it included in this article?
True, CA does not tax social security retirement benefits, but does tax pensions, 401s and IRAs as high as 13%. Also, CA taxes military retirement income. CA has very high real property taxes too. I lived in CA 22 years, but left in 2018 when I retired.
I live in Tennessee – we have no state tax on income, social security or otherwise?