State tax rates and rules for income, sales, property, estate, and other taxes that impact retirees.
At one time or another, pretty much everyone approaching retirement or early in retirement thinks about spending their golden years in a new location – often in a different state. Some retirees want to be closer to family, while others are just looking for warmer weather and more sunshine. But whatever reason you may have for moving from one state to another, make sure you check out the tax situation in any potential new location before packing your bags. That’s because the overall tax burden can vary widely from one state to another. In many cases, we’re talking about thousands of dollars between State A and State B (and don’t forget about local taxes, too).
To help with your pre-move research, click on the link above the map, then click on any state in the map for a detailed summary of state and local taxes on retirement income, real property, every-day purchases, and more. We’ll also point you to special state tax breaks for seniors. Then, link to more content about state taxes on retirees, including Kiplinger’s picks for the 10 most tax-friendly and the 10 least tax-friendly states for retirees. (See the Tax Map for Middle-Class Families to see how states tax ordinary American families.)
Compare up to Five States
You can also see how selected states stack up on taxes that affect retirees. Click the link below and then click on any state in the map for the option to add the state to your compare list.
If you have questions about your particular circumstances, consult your FHF advisor.