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Your email address will not be published.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 grandfather and granddaughter play with building blocks in a sunny living room, symbolizing family support and tax credits. Families Could Get Bigger Tax Credits in 2026 - Here's What the IRS Says
  • A senior woman in a navy cardigan sits at a sunny kitchen table looking at financial documents on a tablet next to a stack of mail. 7 Most Overlooked Government Benefits for Seniors
  • A sophisticated mixed media collage featuring the number 7 and the year 2026 surrounded by Medicare and financial planning symbols. 7 NEW Government Benefits for Seniors in 2026
  • Close-up of a senior's hands reviewing a grocery receipt at a kitchen table with eggs and lemons in a bowl. 10 Most Expensive US Cities for Groceries in 2026
  • A man in a home office looks at a 2027 calendar, representing retirement planning and future Social Security changes. 8 Reasons Your Social Security Payment May Be Different in 2027
  • A grandfather holds a newborn baby while looking at the Trump Accounts app on his smartphone in a sunlit living room. Could Your Grandchildren Qualify for Trump Accounts?
  • 10 Best Countries to Retire Abroad in 2027
  • A mature freelance electrician in a sunlit workshop, looking thoughtfully toward a window during a work break. Trump IRAs Explained: 7 Things to Know Before They Launch in 2027
  • A mixed media collage of a retirement postcard being overtaken by utility bills, a padlock, and a torn check, symbolizing hidden costs. 10 Popular Retirement Destinations That Can Be Difficult on a Fixed Income
  • A senior woman sitting alone on a porch at sunset, looking thoughtfully at the horizon while holding a mug. 7 Retirement Locations That May Not Fit Single Seniors

Newsletter

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

Related Articles

A senior couple smiling while looking at a tablet in a bright, modern living room.

How AI Tools Are Helping Seniors Manage Health, Finances, and Daily Life

Discover how modern AI tools and apps are empowering seniors to confidently manage their health,…

Read More →
happy retirement, retirement investment

10 Most Affordable U.S. Places to Retire in 2026

5. Spring, Texas Spring, located near Houston, Texas, emerges as one of the more cost-effective…

Read More →
brands

Baby-Boomers Are Obsessed with These 15 Clothing Brands

Let’s be honest: coming of age in what we now know as the age of…

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 →
inheritance mistakes

Top 6 Inheritance Mistakes You Must Avoid

A mother and son walk arm-in-arm through a blooming garden, emphasizing the importance of securing…

Read More →
tax breaks withdrawal

Learn 4 Tax-Smart Strategies for Your Account Withdrawals

One of the biggest benefits of retirement is that probably for the first time in…

Read More →
Are you eligible for Social Security?

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

5. Certain Noncitizens Some noncitizens who have earned 40 Social Security work credits in the…

Read More →
A retired couple walks through a desert landscape with tall Saguaro cacti under a vibrant orange and purple sunset sky.

9 Honest Pros and Cons of Retiring in Arizona That No One Talks About

Discover the true financial and lifestyle pros and cons of an Arizona retirement, from tax…

Read More →
job

9 Great Jobs That Will Hire Seniors in 2023

#5 Event Attendant or Usher A position at your local theater or auditorium might offer…

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.