In which states ISN’T your TSP taxed?
Unfortunately, the TSP is taxed in most of the states, giving the retires an extra headache with it.
Since the TSP is becoming increasingly more popular and since the majority of the employee’s savings are in the classic TSP, there will be taxes applied on withdrawals.
However, there are a few states, 12 of them to be more exact, in which you don’t have to worry about getting taxes on TSP distributions, such as Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming, Illinois, Mississippi, and Pennsylvania.
So, what’s the total number of states that has NO state income tax? Well,…
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?