14 States Where Your Pension Won’t Get Taxed

© Shutterstock

Texas

Pensions: The rule that everything is bigger in Texas does not apply to state taxes. The Lone Star State doesn’t impose a personal income tax, which means you get to keep your pension income all to yourself.
401(k)s and IRAs: Texas won’t tax your 401(k) or IRA withdrawals, either. So, there’s no reason not to spend some of that money on a nice cowboy costume.
Social Security Benefits: Since there’s no income tax, your Social Security benefits are tax-exempt as well.
Income Tax Range: Not applicable since there is no income tax.

< 1 ... 67 8 910>

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Your email address will not be published.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 :