10 Best State Tax Deals For Seniors
July 23rd 2010 04:00
Retiree Specials
Seven states (Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming) have no state income tax. Tennessee and New Hampshire tax only dividend and interest income. Many other states compete for seniors with special breaks, with 27 exempting all Social Security and a smaller number exempting some or all pensions, retirement account withdrawals and even investment income. The result: Retirees pay, on average, just half the state income tax as workers
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