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Consider State Taxes for Retirement

State income taxes
Seven states have none. They are Florida, Texas, Alaska, Nevada, South Dakota, Washington, and Wyoming.

Tennessee and New Hampshire only tax interest and dividend income.

The 27, plus the 7 above, states that do not tax Social Security are:

Alabama, Arizona, Arkansas, California, Delaware, Georgia, Hawaii, Idaho, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Virginia and Wisconsin.

Ten states do not tax a state or federal pension:

Alabama, Hawaii, Illinois, Kansas, Louisiana, Massachusetts, Michigan, Mississippi, New York and Pennsylvania. .

State sales tax
Five states do not have a sales tax:

Alaska, Delaware, Montana, New Hampshire and Oregon.

The 10 states with the lowest overall tax burden
The percentage shown is the tax burden as a percent of personal income.

* Alaska 6.6%
* New Hampshire 8.0%
* Tennessee 8.5%
* Delaware 8.8%
* Alabama 8.8%
* Oklahoma 9.0%
* South Dakota 9.0%
* Texas 9.3%
* Wyoming 9.5%
* Montana 9.7%

 

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