How All 50 States Are Taxing Retirees In 2021

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36.Ohio- not recommended

In Ohio, lower-income retirees are not obliged to pay very much on income taxes, but it’s not the same for higher-income seniors.

  • The State Income Tax Range is 2.765% (on taxable income from $25,001 to $44,250)-3.99%(on taxable income over $110,650);
  • The Average Combined State and Local Sales Tax Rate is 7.22%;
  • The Median Property Tax Rate is $1,478/$100,000 of assessed home value;
  • There is no Estate Tax or Inheritance Tax.

37.Oklahoma- mixed

Although Oklahoma doesn’t tax Social Security benefits, it has the 6th-highest combined state and local sales tax rates in the U.S.

  • The State Income Tax Range is 0.5% (on up to $1,000 of taxable income for single people and up to $2,000 for married couples)-5% (on taxable income over $7,200 for single filers and over $12,200 for married couples);
  • The Average Combined State and Local Sales Tax Rate is 8.95%;
  • The Median Property Tax Rate is $869 per $100,000 of assessed home value;
  • No Estate Tax or Inheritance Tax.

38.Oregon- mixed

Although in Oregon you don’t have to pay taxes for your Social Security benefits, you’ll have to pay for any other retirement income.

  • The State Income Tax Range is 4,75% (on up to $3,600 of taxable incomes for single filers and up to $7,200 for married filers)- 9.9%(on taxable income over $125,000 for single filers and over $25o,000 for married couples);
  • The Median Property Tax Rate is $903/$100,000 of assessed home value;
  • There is an Estate Tax, but no Inheritance Tax.

39.Pennsylvania- not tax-friendly

In Pennsylvania, you won’t have any problem with taxes on your Social Security benefits or other types of retirement income.

  • The State Income Tax Range is 3.07%;
  • The Average Combined State and Local Sales Tax Rate is 6.34%;
  • The Median Property Tax Rate is $1,499/$100,000 of assessed home value;
  • There is no Estate tax, but there’s definitely an Inheritance tax.
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