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.
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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