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4 Taxes To Consider When Picking A Place To Retire

No matter where you live in retirement, your federal taxes will be about the same if you take the standard deduction. Not so for state and local taxes.

Start with income tax. Seven states--Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming--have no state income tax whatsoever.

Next, consider taxes on Social Security. Thirteen states tax your retirement benefits to some degree.

 

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