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Your email address will not be published.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

  • Tax Cut state New $6,000 Senior Tax Deduction: How Much You Could Save in 2025–2028
  • Tax Refund New Court Ruling Could Mean IRS Refunds for Pandemic Tax Penalties (2020–2023)
  • A contemplative retiree sitting on a porch during sunrise, reflecting on his new life stage. Mental Health in Retirement: Why Depression Spikes After Leaving Work (and How to Fight It)
  • A happy senior couple enjoying the view from their new modern apartment balcony at sunset. How to Downsize Smartly: Selling the Family Home and What to Do With the Money
  • A healthy senior couple walking outdoors on a sunny day, representing vitality and retirement wellness. GLP-1 Weight Loss Drugs (Ozempic, Wegovy) for Seniors: Benefits and Risks
  • An active senior couple walking through a modern, sunlit retirement community clubhouse. Best Senior Living Communities in America: What to Look For in 2027
  • A senior couple looking at a tablet in a bright living room, symbolizing retirement planning clarity. The SECURE Act 2.0 Explained: How New Retirement Rules Affect Seniors
  • An active senior woman wearing a stylish smartwatch in a sunny garden. Best Wearable Health Devices for Seniors: Beyond the Apple Watch
  • A senior woman looking calmly at her smartphone in a bright, modern living room. How Seniors Can Protect Themselves From the Latest AI-Powered Scams
  • An older couple shares a tender moment on a sunny porch, representing cognitive health and family support. Dementia Early Warning Signs Doctors Say Seniors Shouldn't Ignore

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 →
summer activities for seniors

10 Fun and Relaxing Summer Activities for Seniors

A happy senior couple walks through a sunlit garden, enjoying a peaceful and relaxing summer…

Read More →
Tuition-free colleges

10 Free Colleges for Seniors Citizens

Once you retire, you become a bona fide graduate of your decades of full-time work.…

Read More →
volunteer opportunities

8 Meaningful Volunteer Opportunities for Retirees

A smiling senior man examines a map at home, discovering new paths to a more…

Read More →
tips, retirees

Happy Retirees: The 8 Places Where They Live

Florida –  Tampa If there’s one place that all retirees know about, it’s Tampa! With…

Read More →
Beach House

6 Most Inexpensive Beach Houses for Seniors in America

Buy A Beach House In: Myrtle Beach, South Carolina Average Home List Price: $347,875 We…

Read More →
retire abroad

Best Places to Retire Abroad With Less Than $1K a Month!

A smiling woman shops for fresh fruit at a vibrant outdoor market, enjoying a healthy…

Read More →
places with great weather year-round

9 Places With Great Weather Year-Round to Retire To

6. Costa Rica Costa Rica is one of those stunning places with great weather year-round…

Read More →
thing

7 Useful Retirement Things You’ll Spend Less On

A senior man relaxes in a leather armchair with a warm drink, enjoying the peaceful…

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.