In which states ISN’T your pension taxed?
Well, this is good news, at least there are a few lucky people that won’t have to share the money they’ve worked so hard for their entire lives with the Government.
Unfortunately, on a federal level, most of your pension will be subjected to taxes. How much of it will be taxed is for the Government to decide by checking with their system how much you’ve contributed during your career and spreading that over the life expectancy in your retirement.
Here are 14 states that WON’T tax your pension: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington, Wyoming, New Hampshire, Alabama, Illinois, Hawaii, Mississippi, and Pennsylvania.
On the next page we will learn about the states that don’t tax your 401(K) and IRA:
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?