How All 50 States Are Taxing Retirees In 2021

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1. Florida: tax-friendly

The Sunshine State is also known as the Retirement State.

  • The Local State Tax is estimated at a little bit over 7%;
  • No State Tax On Social Security;
  • No Income Tax Rate;
  • No Estate Tax.

2. Alabama: tax-friendly

There are more reasons to move to the Yellowhammer State than just football!

  • The State Income Tax Range is 2%(up to$1,000 of taxable income for married joint filers and up to %500 for all others);
  • Median Property Tax Rate is $395 per $100,000 of assessed home value;
  • No tax on estate or inheritance.

3. Alaska: mixed-feelings

Alaska might not have any state or sales tax, but it is difficult to live in this state as a retiree.

  • It has no State Income Tax Range;
  • The average Combined State and Local Sales Tax Rate is 1.76%;
  • The Median Property Tax Rate is $1,182/ $100,000 of assessed home value
  • No tax on estate or inheritance

4. Arizona: very tax-friendly

The state of Grand Canyon discharges Social Security benefits from state income taxes, and military retirement income is tax-free.

  • The State Income Tax Range is 2.59% ($54,544 of taxable income for married people and $27,272 for single people) – 4.5% (taxable income over $327,263 for married people)
  • The Average Combined State and Local Sales Tax Rate is about 8.4%;
  • There is a Median Property Tax Rate is $617/$100,000 of assessed home value
  • No Estate Tax or Inheritance Tax.
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