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Florida
There are multiple reasons why Florida is our nation’s retirement Mecca. It’s not only the warm weather white sandy beaches, and luxury retirement that convince retirees to move there, but also the fact that is levies no personal income tax at all. This means retirees are not taxed for Social Security benefits, pension income, 401(k) plan withdrawals and IRA distributions, or any other type of income.
However, before you pack your belongings and head for Orlando, check out these 8 Things You Should Know Before Retiring to Florida
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Nevada
Nevada is a retiree-friendly state, not only because of its low cost of living, active senior communities and beautiful sceneries but also because it boasts some of the best tax benefits for retirees. As of 2020, the Battle Born State is one of the seven states that have no state income tax, making it the perfect destination for someone with a high income in retirement or a substantial 401(k). Did I mention Las Vegas?
76 comments on “26 States That Do Not Tax Your Social Security Benefits”
It is double taxation!
Tennessee has no state income tax. Al Gore had nothing to do with it. In fact when Gore ran for President he lost his home box, home county, former congressional district and home state. Bush won in a landslide.
Why isn’t Illinois Jon the list. They do not tax any retirement income.
Why is it so hard to print an article on one page? Why must we have to follow a 12 page report on this page wait here comes the next page. N now I’m lost where did the article go?
BS! Texas DOES tax SS!
I work all my life and for health reasons I am still working and now because I am working full time S a. Addiction Counselor which I love helping people I have to pay on my social security. I work to make enough money to pay for everything to live without stress
That’s not true about Pennsylvania. I just filed my taxes and there’s a limit that you’re allowed to earn yearly before you have to pay tax on Social Security. I think that amount is $25,000.
Unless I missed it, New York State does not tax SS benefits either.
I live in Tennessee, there is no state Income tax here. However the good old Democrats have taken care of things and as much as 85% of my social security has be subject to Federal Income Tax every year since retiring.
Ronal Reagan DID NOT start taxing SS, nice try propagandists, he tightened enforcement of social security disability payments because it was being abused like most government programs, Bill Clinton taxed Social Security! It was Bill Clinton’s Tax Reform Act of 1993 that raised taxes on Social Security!
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