Choosing the most suitable place for you to live your golden years as comfortable and as pleasant as possible is not easy. You need to factor in a lot of things, from how close or far it is from your family to climate, amenities and most importantly taxes. Some states offer certain deductions on some of your retirement income while others do not levy income taxes at all, which means you get to keep your entire retirement income.
The following 26 states either have no income tax or exempt certain forms of retirement income, including Social Security benefits, according to a report issued by the Tax Foundation. First, we’ve listed the states that, starting with 2020, provide a full exemption of the Social Security benefits from taxation from all residents’ income taxes and continued with the states that levy no income tax whatsoever. Is your state on the list?