14 States Where Your Pension Won’t Get Taxed

© Shutterstock

Nevada

Pensions: Retired residents of Nevada can consider themselves lucky when it comes to state income taxes. The Silver State doesn’t have an income tax, so it doesn’t tax their pension income or any of their other income.
401(k)s and IRAs: More good news: 401(k) or IRA distributions are also tax-exempt.
Social Security Benefits: Nevada doesn’t tax Social Security benefits either. More money to enjoy what Nevada has to offer!
Income Tax Range: Not applicable since there is no income tax.

 

New Hampshire

Pensions: New Hampshire is among the most tax-friendly states for retirees, with no general income tax. However, the Granite State does ask for a tax on interest and dividends. The good news is that your pension income will not be taxed if you decide to spend your golden years in the Granite State.
401(k)s and IRAs: Your 401(k) and IRA distributions are not subject to any state taxes either.
Social Security Benefits: New Hampshire doesn’t impose a tax on Social Security benefits.
Income Tax Range: There’s a 5% tax on interest and dividends.

< 1 ... 45 6 78 ... 10>

Leave a Comment

Your email address will not be published. Required fields are marked *

14 thoughts on “14 States Where Your Pension Won’t Get Taxed”

  1. 16
    9

    Great article
    Hope you follow up with other Tax issues/problem living in those state
    I.E sales taxes, Inheritance Tax (Wash bad)
    I am activly looking to get out of Calif
    Florida and Wy my two places so far

  2. 5
    2

    What about Connecticut we are taxed to death!!! We need to get out share! The government is so critical to all those who have people who are like me on social security!! Plus all the people in this state that have loss their jobs due to the pandemic. I am a shame with the government and nothing they do for us!!!

  3. 2
    4

    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%.

  4. 3
    3

    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.

Latest

You might also be interested in :