How All 50 States Are Taxing Retirees In 2021

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40.Rhode Island- not tax-friendly

In Rhode Island, seniors would have to pay tax on their Social Security benefits, if their federal adjusted gross is too high.

  • The State Income Tax Range is 3,75%(on up to $65,250 of taxable income)- 5,99%(on taxable income over $148,350);
  • The Average Combined State and Local Sales Tax Rate is 7%;
  • The Median Property Tax Rate is $1,533/$100,000 of assessed home value;
  • There is an Estate Tax, but no Inheritance Tax.

41.South Carolina- very tax-friendly

For retirees, South Carolina has an irresistible offer where they don’t have to pay any income tax.

  • The State Income Tax Range is 3%(on taxable income from $3,070 to $6,150)- 7% (on taxable income over $15,400);
  • The Average Combined State and Local Sales Tax Rate is 7.47%;
  • The Median Property Tax Rate is $545 per $100,000 of assessed home value;
  • There’s no Estate Tax or Inheritance Tax.

42.South Dakota- mixed

Although in South Dakota you won’t have to pay an income tax, the property tax rates there are high.

  • There’s no State Income Tax Range;
  • The Average Combined State and Local Sales Tax Rate is 6.4%;
  • The Median Property Tax Rate is $1,219 per $100,000 of assessed home value;
  • There’s no Estate Tax or Inheritance Tax.

43.Tennessee- very tax-friendly

The Volunteer State might seem appealing as a retirement destination, thanks to its low overall tax burden.

  • The Average Combined State and Local Sales Tax Rate is 9.547%;
  • The Median Property Tax Rate is $636/$100,000 of assessed home value;
  • No Estate Tax or Inheritance Tax.

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