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

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

This Is How All 50 States Tax Your Retirement Income

May 27, 2022 · Retirement Life
retirement
Photo by Nagel Photography from Shutterstock

Illinois

Illinois doesn’t tax Social Security income. The state’s individual income tax rate is 4.95 percent. Different types of retirement income might be exempt from state taxation, as the state confirmed.

Besides Social Security benefits, they might include retirement income either from qualified employee benefit plans, individual retirement accounts (IRAs) or even self-employed retirement plans, government retirement and government disability options, and group term life insurance premiums that are paid by a qualified retirement plan, state or local government deferred compensation plan or specific capital gains on employer securities.

Indiana

Indiana doesn’t tax Social Security income. The individual income tax rate here is a flat 3.23 percent. Even so, a portion of military pensions might still be excluded, as it depends on the taxpayer’s age.

Some income from a federal civil-service annuity might be deducted from adjusted gross income.

Iowa

Iowa doesn’t tax Social Security income. Individual income tax rates can range from 0.33 to 8.53 percent. Military benefits might be exempt, and multiple other types of retirement income might qualify for exclusion from taxable income.

Taxpayers that are 55 or older or disabled have the possibility to exclude a maximum of $6,000 if they are single or $12,000 if they’re married.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published.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

2 comments on “This Is How All 50 States Tax Your Retirement Income”

  1. Gary Loock says:
    October 10, 2022 at 2:29 pm

    I understand that the Maryland Legislature just changed how much retirees pay in income taxes. I have not been able to find out the specifics of the new law. When does it take effect? What are the income limits? Can I now reduce the State witholding from my Minimum Required Diatributions?

    Reply
  2. claudette minichiello says:
    September 29, 2022 at 3:23 pm

    how much are senior,s taxed in kentucky?

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

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

retirement life

8 Surprising Things That Will Cost You Less in Retirement

Housing costs As the Bureau of Labor Statistics explained, 61.7% of Americans in the age…

Read More →
savings

10 Social Security Secrets You Should Know NOW

5.9% Due to inflation spiking in 2021, the cost of living went up. Everything from…

Read More →
retirement move

6 Clear Signs You Should Move for Retirement

Retirement brings a unique journey for everyone. No matter if it’s just around the corner…

Read More →
Retirement Planning Pitfalls

26 Retirement Obstacles that Look Scary and How to Overcome Them

A mature man uses a tablet in his sunlit living room to stay informed about…

Read More →
live

6 US States to Live a Long Life

Minnesota Yes, we know, Minnesota does get pretty cold: but people who choose to live…

Read More →
rental prices drop

Rental Prices Drop Like Crazy in These 10 US Cities!

A smiling woman checks her phone on a sunny street, finding affordable rental deals in…

Read More →
Roth Conversion

5 Important Benefits of Roth Conversions and Pensions

A man relaxes in a leather armchair with a book, enjoying the comfort and security…

Read More →
A mixed media collage with the text 40% Persistently Lonely, transitioning from cool grey tones to warm oranges with silhouettes of connecti

6 Reasons Retirement Feels Lonely—and Exactly What to Do About It

Discover the hidden causes of retirement loneliness and learn practical, actionable strategies to rebuild your…

Read More →
budget home

Moving for Retirement? 6 Solid Reasons Why You Should Reconsider

#5 If you move, you will have a hard time finding a good doctor And…

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.