Some states allow elderly exemptions only for low-income seniors. For example, Montana exempts up to $3,640 of pension income. The exemption is gradually 

30 Mar 2017 Florida's population boomed as seniors flocked within its borders to enjoy sunny weather and low taxes. The state excludes Social Security  25 Aug 2013 With low property taxes and generous income tax breaks for seniors, South Carolina has landed on Kiplinger's list of Top 10 tax-friendly states  12 Jul 2018 A: Many states have some sort of deduction on the books for seniors, although Because of the state's cap on increases in property taxes, and  2 Jun 2014 Its low taxes, lack of crime and easy access to quality healthcare make it Wyoming: For a tax-conscious retiree, there is no state better than 

23 Jan 2020 Because of their low property and income taxes, Wyoming, Nevada, and Delaware are some of the most tax-friendly places for retirees to live.

20 Jul 2018 The study examined seven categories, starting with cost of living and taxes -- both weighted 20%. Healthcare quality was weighted 15%, weather  30 Mar 2017 Florida's population boomed as seniors flocked within its borders to enjoy sunny weather and low taxes. The state excludes Social Security  25 Aug 2013 With low property taxes and generous income tax breaks for seniors, South Carolina has landed on Kiplinger's list of Top 10 tax-friendly states  12 Jul 2018 A: Many states have some sort of deduction on the books for seniors, although Because of the state's cap on increases in property taxes, and 

In addition to no taxes on social security or other retirement income, Alaska has no When deciding which state is best tax-wise for you to retire in, the answer 

25 Aug 2013 With low property taxes and generous income tax breaks for seniors, South Carolina has landed on Kiplinger's list of Top 10 tax-friendly states 

19 Jul 2019 Connecticut has the sixth-highest property tax rate in our rankings. On top of a relatively high income tax rate, retirees also might have to pay 

22 Oct 2019 This does not mean, however, that a state cannot rank in the top 10 while still levying all the major taxes. Indiana and Utah, for example, levy all of 

Gaining the best advantage over property taxes, then, is a matter of selecting a local area with a low tax rate in a state that offers additional tax breaks. Property taxes are hard to avoid, even for senior citizens.

With no state income tax, no estate tax, no inheritance tax, and a low sales tax, Wyoming is the clear winner as the most tax-friendly state. Wyoming also rates high on the quality-of-life scale for other such as easy access to outdoor activities, top-ranked schools and clean air ratings.

5 Nov 2019 Sales taxes are above average in the state--the average combined (state and local) rate is 8.39% (11th-highest in the nation). However, Arizona  19 Jul 2019 Connecticut has the sixth-highest property tax rate in our rankings. On top of a relatively high income tax rate, retirees also might have to pay  5 Jun 2017 New Hampshire, the top-ranked state, taxes dividend and interest income above $2,400 at a 5 percent rate for individuals, but not other income,  10 Jul 2019 The Cornhusker State is the best state to retire, according to a new Bankrate New York and Alaska also might be better for retirees to visit than reside, property and sales tax rates from the Tax Foundation's 2019 State  22 Apr 2018 Retirees Moving to These States Can Get Some Great Tax Breaks State taxes can take a bite out of your retirement income, one reason why  19 Jun 2019 As a result, many longstanding state tax preferences for seniors now benefit taxpayers with much better ability to pay taxes than lower-income  Some states allow elderly exemptions only for low-income seniors. For example, Montana exempts up to $3,640 of pension income. The exemption is gradually