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The following states already do not tax military retirement pay at all: Alabama, Connecticut, Hawaii, Illinois, Iowa, Kansas, Louisiana, Maine, Massachusetts ...
Here are the states that do not tax military retirement pay (but they do have a state income tax for other forms of income): Alabama. Arizona. Arkansas. Connecticut. Hawaii. Illinois. Indiana ...
Illinois charges a flat state income tax of 4.95 percent, but all retirement income is exempt from paying the tax. This includes pension payments as well as distributions from retirement plans ...
Massachusetts taxes most retirement income using its 5% state income tax. Seniors may be exempt from paying state income tax if they are a single filer making $8,000 or less, a head of household ...
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 ...
Here's a look at how various states tax retirement income. The nine states that don't tax income. When it comes to the taxation of income, you're in luck if you live in one of the following states ...
Others exempt Social Security but tax sources such as pensions and retirement account income if retirees’ income exceeds a certain cap. But the following states levy no tax on retirement income ...
Nevertheless, with most state income tax rates ranging anywhere from 4% to 13%, avoiding these income taxes could save you hundreds if not thousands of dollars per year.