Florida
Pensions: If the cold weather in Alaska makes it difficult for you to spend your golden years there, there’s always the Mecca of retirees: Florida. Residents of the Sunshine States don’t have to pay any income tax, which means they can rely on their pensions without a care in the world.
401(k)s and IRAs: Florida has no state taxes on distributions from 401(k) and IRAs distributions. No wonder retirees flock to Florida like no other state!
Social Security Benefits: Florida continues to be a retiree-friendly state when it comes to Social Security benefits, which are exempt from tax as well.
Income Tax Range: Not applicable since there is no income tax.
20 comments on “14 States Where Your Pension Won’t Get Taxed”
But wherever you live, you’ll still pay federal income tax on it.
Hopefully, the State of Maine will stop taxing our State Pensions soon!!
The state of new jersey sucks big time they dont even increase veterans deduction
new jersey is known for high property taxes. I don’t think New York is any better.
This site is bullshit. I do not see the list of States and I am not putting up with this advertising nonsense to find out. I can do that on my own.
how about delaware
How many of these states have a high sales tax instead of taxing income? I know Washington does. No income tax – but state, counties and cities all charge sales tax.
What about Kentucky
Washington State; correct, no income tax…yet! The Gov. has been pushing for one for years. Where did you get they don’t tax SS benefits?? They tax the crap out of me, both Social Security and 457 (like IRA’s) disbursements. And, every city/county has a sales tax as high as 10.3%.
NJ is unconstitutional and discriminatory the way they tax certain pensions and not others.
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