- Poll of the Day
Best Tax-Friendly States For Retirees
List points out the best states when considering both financial and lifestyle for retirees
State Income Tax: 1% to 6%
State Sales Tax: 4%
With a low state income tax and no estate or inheritance taxes, Georgia is near the top for best places to retire. According to Kiplinger, resident 65 and older “can exclude up to $65,000 of retirement income (or $130,000 per couple) from state income taxes. Retirement income includes income from pensions and annuities, interest income, dividend income, net income from rental property, capital-gains income and income from royalties.” And with Social Security also exempt from state taxes, plus access to beautiful communities and southern charm, the Peach State beckons retirees from across the country.
Article printed from InvestorPlace Media, http://investorplace.com/2013/10/top-tax-friendly-states-to-retire/.
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