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Curious About Big Taxes? Here’s How 8 States Tax Retirees

June 20, 2022 · Retirement Life
taxes
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2. Alabama

“Sweet Home, Alabama!” If you know this song, then you’re probably a fan of football too, and you will definitely love Alabama for sure. Because, without a doubt, Alabama is one of the most affordable states for retirees to live in. And it’s a tax-friendly state too! If you’ve considered the Yellowhammer State, you should know that it has low taxes for retirees. Cool, right?

A lot of people are paying high taxes, and they aren’t satisfied with this. Changing the environment might be a good idea, especially if you don’t want to pay a fortune in taxes. Starting in 2023, a law states that the first $6,000 of retirement income received by people over 65 is exempt.

Another amazing thing about Alabama is that it has the second-lowest median property tax rate in the country! And if you are 65 or older, you won’t pay property taxes anymore.

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59 comments on “Curious About Big Taxes? Here’s How 8 States Tax Retirees”

  1. Ukkundo'Oohwaka NLN says:
    April 5, 2025 at 11:29 am

    Any American drawing Social Security, Military Retirement, Post Office Retirement, etc… have lived in this country and turns (80) eighty should not pay no sales, property, state, city, gasoline, or any other taxes. NO TAXES AFTER (80) EIGHTY.

    Reply
  2. Char says:
    March 24, 2025 at 5:30 pm

    Hmmmm, all blue states….

    Reply
  3. R M says:
    February 11, 2025 at 12:06 am

    Posts seem to disappear on here. Not worth writing them if they disappear.

    Reply
  4. R M says:
    February 10, 2025 at 9:09 pm

    This site is a waste of time. The censors cut out perfectly legitimate comments!

    Reply
  5. Maggie says:
    January 26, 2025 at 5:36 pm

    NEW HAMPSHIRE! No sales tax so the property owners support the state. Stay away!

    Reply
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