There are several factors to consider when deciding where to relocate once you retire, and state tax on retirees is probably one of them. After all, taxes don’t stop once you leave the workforce, and high-tax states can drain retirement savings faster than states with lower taxes.
Additionally, overall tax burdens can vary significantly from one state to another. That’s why Kiplinger created this state-by-state guide to taxes in retirement.
The interactive map below highlights the most and least tax-friendly states for retirees. You can also use the map to navigate to our state tax guides which include detailed information about income, sales, property, gasoline, estate, and other taxes that impact retirees in each of the 50 states and the District of Columbia.
Since all the important inforamtion is interactive with hyperlinks, we suggest you go here for the entire reading expereince: https://www.kiplinger.com/retirement/600892/state-by-state-guide-to-taxes-on-retirees
Note: This item first appeared in Kiplinger Personal Finance Magazine, contributed by Katelyn Washington, and brought to you by the RJ Fichera Law Firm, where our mission is to provide trusted, professional legal services and strategic advice to assist our clients in their personal and business matters. Our firm is committed to delivering efficient and cost-effective legal services focusing on communication, responsiveness, and attention to detail. For more information about our services, contact us today!
Content in this material is for general information only and is not intended to provide specific advice or recommendations for any individual.
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