If you have a traditional pension, you can consider yourself lucky. There are not many people out there who can say the same. But before you do your victory dance, remember your pension can get taxed as ordinary income in certain states and there won’t be much left of it once Uncle Sam takes its share.
Will your state tax your pension income, too? Well, it all depends on where you live. Usually, at least a portion of your income coming from private-sector defined benefit plans is taxable in most states. But there are also states that do not levy any taxes on pension incomes at all. Want to know what these are? Then, read on to find out the 14 states that allow you to enjoy your pension income, free of charge!
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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