How All 50 States Are Taxing Retirees In 2021

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33.New York: not recommended

In New York, anything over $20,000 from a private retirement plan(pensions, IRAs, 401(k)plans) or out-of-state government plan is being taxed.

  • The State Income Tax Range is 4%(on up to $8,500 of taxable income for single filers and up to $17,150 for joint filers)- 10.9% (on taxable income over $25 million);
  • The Average Combined State and Local Sales Tax Rate is 8.52%;
  • The Median Property Tax Rate is $1,692/$100,000 of assessed home value;
  • There is an Estate Tax, but no Inheritance Tax.

34.North Carolina: mixed feelings

Although North Carolina is one of the most favorite destinations for retirees, tax breaks in this state are very rare.

  • The State Income Tax Range is 5.25%;
  • The Average Combined State and Local Sales Tax Rate is 6.98%;
  • The Median Property Tax Rate is $773/$100,000 of assessed home value;
  • No Estate Tax or Inheritance Tax.

35.North Dakota: mixed

North Dakota is one of the states that tax some portions of Social Security benefits.

  • The State Income Tax Range is 1.1%(on up to $40,125 of taxable income for single filers and up to $67,050 for married couples)- 2,9%(on taxable income over $440,600);
  • The Average Combined State and Local Sales Tax Rate is 6.96%;
  • The Median Property Tax Rate is $986/$100,000 of assessed home value;
  • No Estate Tax or Inheritance Tax.
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