Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

8 States With The Highest Income Tax Rates

November 7, 2022 · Enjoying Retirement
live, budget
Image By CK Foto From Shutterstock

#6 Minnesota

The state income tax ranges from 5.35% to 9.85%. The 5.35% applies to married couples that are filing jointly and have a taxable income of a maximum of $41,050 or to married individuals that are filing separately and individual filers that have a taxable income of a maximum of $28,080.

The 9.85% applies to married couples that are filing jointly or to the surviving spouses that have a taxable income of a maximum of $284,810 or to married individuals that are filing separately and individual filers that have a taxable income of a maximum of $171,220. 

Retirees who are concerned about taxes can find some solace in the North Star State. The same amount of taxes apply to Social Security benefits as they do on your federal return, however, taxpayers who receive taxable Social Security benefits may be eligible to deduct several of their payments if their earnings are below a certain threshold. 

Additionally, some seniors qualify for a special income tax deduction. But pensions, aside from those received from the military, are taxable. IRA and 401(k) plan distributions are taxed as well.

Pages: 1 2 3 4 5 6 7 8 9

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A collage showing a bright tropical postcard on the left overlapping with complex financial documents and a 2026 calendar on the right. These Southern Retirement Towns Look Great on Paper - But…
  • A retiree looks over financial documents at his kitchen table, weighing the costs of moving to a new state. 12 Places Where Everyday Retirement Life Can Be Tougher
  • An illustration of a suitcase packed with heavy weights labeled with retirement downsides, while a retiree looks at a distant palm tree. The Downsides of These 10 Popular Retirement Locations
  • A man in a kitchen looking at real estate listings while a for sale sign is visible through the window in the background. 8 Signs It May Be Time to Relocate
  • A retired couple on a porch, one looking at a map and the other at a garden, in warm golden hour light. 8 Ways Retirement Changes Family Relationships
  • A mixed-media collage split diagonally between a peaceful beach watercolor and a realistic pile of tax forms, medical tools, and bills. 9 Retirement Expectations That Don't Match Reality
  • 9 Things Retirees Are Collecting That Are Suddenly Worth Money
  • A nostalgic living room scene with vintage magazines and reading glasses on a wooden table in warm golden light. Remembering 16 Beloved American Icons We Lost in 2025 and 2026
  • A luxury cruise ship docked in a South American port at dawn, with two retirees looking on from a wooden pier. Hantavirus: What Retirees Need to Know Before Boarding a Cruise Ship
  • A retired couple selects fresh produce at a sunny outdoor market, highlighting the active and affordable retirement lifestyle. 7 Retirement Towns Where Residents Spend Less On Groceries

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

Types of Retirement Income That Are Exempt from Taxes credit score

5 Types of Retirement Income That Are Exempt From Taxes

When it comes to retirement planning, it’s crucial to think about how taxes will eat…

Read More →
retire comfortably

Retire Comfortably as a Middle Class American in 5 Easy Ways

A woman in a blue cardigan enjoys a quiet moment in her bright home, reflecting…

Read More →
myths

Stop Believing These Weird 10 Retirement Myths – Here’s Why

A thoughtful man sits on a porch with a mug, reflecting on the truth behind…

Read More →
best southeast cities for retirees

The 4 Best Southeast Cities for Retirees

If you are into the arts, you can check out the following locations, and we…

Read More →
travel

11 Mistakes No Retiree Should Make When Traveling Solo

A solo traveler checks his tablet on a coastal platform, carefully navigating his journey to…

Read More →
401(k)

Ready to Use Your 401(k)? Unlock Your Possibilities Here

Relax with a steaming mug and laptop as you begin to enjoy the well-deserved benefits…

Read More →
Trump second term, seniors living on Social Security

8 Types of Americans Who Aren’t Eligible to Get Social Security

6. Certain Government Workers, Teachers, and Railroad Employees Some jobs don’t contribute to Social Security.…

Read More →
taxes withdrawal

7 EFFICIENT Tips to Lower Your Social Security Taxes

Stay away from municipal bonds Municipal bond interest, which technically isn’t even subject to income…

Read More →
money

6 Tips for Making Your Money Last as a Retiree

A pensive man leans over his desk with a tablet, reflecting on his financial security…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Terms and Conditions
  • Privacy Policy
  • Do not sell my personal information
  • Subscribe
  • Unsubscribe
  • Contact
  • CA Privacy Policy
  • Request to Know
  • Request to Delete

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.