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Retirees don’t pay state income tax on their Social Security benefits or pensions in Alabama. But your 401(k) and IRA withdrawals are fully taxable at the state’s 2% to 5% income tax rate.
Prior to the end of 2024 the state did tax dividend and interest income -- often an important source of funding for retirees. As of the beginning of 2025, however, this tax has also been lifted ...
Of the 16 that do tax military retirement pay, eleven of them only tax a portion of these benefits. The five remaining states, which fully tax your military retirement income, are California ...
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.
32 states with state income tax that do not tax Social Security benefits While these states and Washington, D.C., tax your income, each allows seniors and retirees to exclude Social Security ...
And some states tax a portion of their retirees' checks, too. ... benefits taxable at the federal level from state taxable income for adults 65 and older, expanded this rule in 2025 to include all ...
However, it’s the only state on this list that levies state capital gains tax — 7% on gains above $262,000, according to The Washington State Standard. Wyoming Property tax rate: 0.58%
Filing As. Combined Income* Percentage of Benefits Taxable. Single individual. Between $25,000 and $34,000. Up to 50%. Married, filing jointly. Between $32,000 and $44,000