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Your email address will not be published.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

  • An adult daughter and elderly mother sharing a happy moment in a bright, modern kitchen. What Happens to Your Taxes When Mom or Dad Moves In?
  • A retired couple reviews a US map on a tablet while sitting on a scenic porch, symbolizing geographic retirement planning. Which States Rely on Social Security the Most - and the Least - in 2026?
  • A happy retired couple looking at a tablet in a bright, modern kitchen, representing Medicare financial planning. 18 Medicare Benefits That Won't Cost You a Dime
  • A group of well-dressed retirees enjoying happy hour drinks and appetizers at a sophisticated steakhouse bar. 10 Steakhouse Chains in America With the Best Happy Hour Deals
  • A senior couple shopping for fresh produce in a sunlit, modern grocery store. These 10 States Still Tax Groceries - Find Them Here!
  • A happy retired couple walking on a sunny coastal path during golden hour. 5 Warm-Weather Cities Where Retirement Costs Under $1,750
  • A senior couple looking concerned while reviewing financial information on a laptop in a sunlit kitchen. AI-Generated Tax Mistakes Everyone Should Know About
  • A retired couple enjoying a walk in a charming Midwestern town during autumn sunset. 12 Midwest Towns That Check Every Retirement Box
  • A senior couple smiling while looking at a tablet on a sunlit porch. 9 States That Still Tax Social Security - and One Dropping the Tax in 2026
  • A happy senior couple carrying shopping bags into a sunlit, modern home during springtime. 5 Target Items Smart Seniors Should Stock Up On for Spring

Newsletter

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

Related Articles

money Ways to Make Extra Money in Retirement, reason, sign, reduce

7 Ways to Make Extra Money in Retirement

Just because you’re retired doesn’t mean you want to stop working. You may want to…

Read More →
sunny weather

Top 10 Warm Weather Places to Retire in America

Living in a city where there’s always sunny has lots of benefits for your health.…

Read More →
401(k)

Profitable 401(k) Plans You Get From These Companies

While the fact that the salary is the most crucial part of any job out…

Read More →
retirement savings

Are Your Retirement Savings On Track? Here Are 8 Tips

A smiling senior woman reviews her retirement progress on a tablet while relaxing in her…

Read More →
single

Single Retirees: Top 10 US Cities That Are Great For You

A joyful retiree strolls through a scenic city park with flowers, perfectly at home and…

Read More →
million

Retirement: How Far $1 Million Can Last You on The West Coast

Relocate As presented above, even if “the West Coast” consists of only five states, there’s…

Read More →
downsides Biden

7 Downsides of Social Security People Aren’t Talking About

#6 Age downside: the program’s retirement age keeps changing When the program started in 1935,…

Read More →
retiree

New Retiree: 8 Helpful Tips To Adjusting

An older man sits peacefully on his porch at sunset, holding a mug and reflecting…

Read More →
credit card state

How All 50 States Deal With Credit Card Fraud Risk

50 States and the Credit Card Fraud Risk They’re Into: While there is no foolproof…

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.