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Top 10 States For Taxes In Retirement In United States 2023

By, Muhd. Faizan

Date - 29/09/2023

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South Dakota

South Dakota is one of the best states for taxes in retirement, with no state income tax on retirement income, low property taxes, and a low cost of living. 

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Tennessee

Tennessee is a tax-friendly state for retirees, with no income tax on retirement income, low property taxes, and no estate or inheritance tax.

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Wyoming

Wyoming is one of the most tax-friendly states for retirees, with no income tax on retirement income, low property taxes, and no sales tax.

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Nevada

Nevada has no income tax on retirement income, including Social Security benefits and withdrawals from retirement accounts.

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Florida

Florida also offers a variety of tax breaks for retirees, such as the Homestead Exemption and the Senior Citizen Property Tax Exemption.

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Texas

Texas is a tax-friendly state for retirees, with no income tax on retirement income, low property taxes, and no estate or inheritance tax.

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Washington

Washington is a tax-friendly state for retirees, with no income tax on retirement income and relatively low property taxes and sales taxes.

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Delaware

Delaware is a tax-friendly state for retirees, with no income tax on Social Security benefits or withdrawals from retirement accounts.

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Mississippi

Retirees in Mississippi can save thousands of dollars each year in taxes, making it a more affordable place to live.

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Missouri

Missouri is a good choice for retirees who are looking for a state with low taxes and a relatively affordable cost of living.

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