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The four states that don't tax retirement income. The next-best states to live in as a retiree, at least in regard to income taxes, ... The 41 states that don't tax Social Security.
While these states do tax their residents' wages, in most cases they still exclude income from sources like 401(k) accounts, IRAs, pensions, and Social Security benefits from state-level taxation ...
While the majority of states do tax retirement income, 13 do not, although naturally, things aren't so black and white. Let's dive in. Nine states don't have taxes. These 9 states don't levy a tax ...
For example, in Colorado, residents ages 65 and older have been able to fully deduct federally taxed Social Security benefits on their state income tax returns since tax year 2022. For 2025, that ...
Whether it's from a job, 401(k), IRA, pension, or Social Security, retirees in these nine states won't have to worry about paying any state income tax. However, federal tax rules will still apply ...
Several states don’t tax military retirement pay, while other states treat pension income differently than distributions from retirement plans such as 401(k)s or IRAs.
Federal Tax Filing Type. Combined Income. Percentage of Social Security Benefits That Are Taxable. Single. Less than $25,000. 0%. $25,000 to $34,000. Up to 50%
Here are 13 states that won't tax your Social Security, 401(k), individual retirement account (IRA), or pension income. A map of the U.S. overlaid with $100 bills. Image source: Getty Images.
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