What is taxable?
We live in times when almost everything is subjected to taxes, and we sometimes end up not knowing what is taxable. This becomes even more challenging and quite annoying, when we reach our golden years and here comes Uncle Sam taking his (not so) fair share of our income.
On a federal level, there are three types of incomes that can be taxed: your pension, your thrift saving accounts, and your social security.
However, on a state level, it depends on each state what kind of taxes apply to you and what don’t. So, if you are planning to relocate once you reach your retirement, or in the near future, choose your state wisely.
10 thoughts on “These States Won’t Tax Your Retirement Income”
The Federal needs to stop taxing on our SS and property tax. Let the Seniors have a life tax-free after working all their lives paying into the taxes. I think it’s great these States are not taxing their seniors. All states should take a look into this.
I’m from New York n it seems we get f&_$ed over n over by these liberal f###ing idiots n the chocolate city council n mayor (Adams said it)
White people have no chance in New York
Time to leave
FUCK NEW YORK!!!!!!
New York does not tax SS
Pennsylvania does have Inheritance tax.
Thank you for the professional information. Very helpful and done nicely.
Louie
What about puerto rico?
It is horrible working all your life and during that life you pay taxes and contributions from your weekly checks and when you are older and due to some unexpected events you have to work longer. I am 74 and drive 52 miles a day to work because I need to and I don’t want to stay home by myself. I thought in NC you could make as much as you want to and draw SS if you are over 72 years old. Not!! Believing this has gotten me in a mess with taxes. It is sad.
You guys are full of it! Virginia certainly taxes my real estate!!
Hawaii does not tax pensions and Social Security benefits.
I’m in Washington state, what’s my situation?