Older people pick retirement locales for a whole host of reasons ― everything from sunny climates to quality healthcare. But for those retirees fixated on their finances ― and who isn’t ― taxes can also be a key factor in the decision-making process.
Fortunately, Kiplinger’s released its annual list on Oct. 5 of the best ― and worst ― states for retirees when it comes to taxes. It’s part of the personal finance publication’s yearly guide to taxes on retirement income, property and purchases, and tax breaks for seniors, in every state.
“Retirees and near-retirees, particularly those considering a move, will get great use out of the Retiree Tax Map,” said Sandra Block, senior associate editor of Kiplinger’s Personal Finance, in a written statement. “It’s not just what you have ― but where you live ―that can make all the difference for your golden years.”
Check out the retiree tax map and see how your state fares on Kiplinger’s list of those states imposing the least amount of taxes on retirees below. If you want to see the list of 10 least friendly states, go here.
10. Tennessee
9. Louisiana
8. Delaware
7. Georgia
6. Florida
5. South Dakota
4. Mississippi
3. Nevada
2. Wyoming
1. Alaska
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