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Your email address will not be published.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

  • 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
  • A retired couple walking happily on a beach at sunset, representing financial security. 8 Social Security Terms Every Retiree Must Understand
  • A happy retired couple looking at a tablet in a bright, modern kitchen. How to Get the Biggest Possible Social Security Check - and Why Most Don't
  • A retired couple calmly reviewing financial information on a tablet in a bright, modern kitchen. 6 Products That Will Cost You More in 2026
  • A mature couple reviewing their retirement plan on a tablet in a bright, modern kitchen. These Common 401(k) Errors Could Cost You Millions
  • A senior couple looking at a tablet in a bright kitchen with a focused expression. HSAs Sound Great - Until You See These 3 Hidden Costs
  • An elegant retired couple enjoying a sunset from a luxury cruise ship balcony. Top 5 Cruises Retirees Are Booking for 2026
  • A retired couple reviews their 2026 financial plan on a tablet in a bright, modern home office. Medicare Costs in 2026: How Much You'll Pay for Coverage
  • A confident retiree working on a tablet in a bright, modern home office during the morning. Best Jobs for Retirees in 2026

Newsletter

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

Related Articles

travel

11 Mistakes No Retiree Should Make When Traveling Solo

A solo traveler checks his tablet on a coastal platform, carefully navigating his journey to…

Read More →
retirement check retire

Moving for Retirement: 9 Amazing Reasons Why You Should Do It

8. It’s going to be a lot more affordable than you thought! While senior living…

Read More →
Overseas Retirement

Planning an Overseas Retirement? These 7 Genius Tips Will Help

Retirees enjoy coffee and conversation at a sun-drenched outdoor cafe along a charming, flower-lined European…

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 →
identity

Has Your Identity Been Stolen? Here Are 9 Things You Need to Do ASAP

File a report with the Federal Trade Commission The FTC deals with compiling information about…

Read More →
budget home

Budget Retirement? In These 10 States You Can Get By on 45k a Year

#5 Georgia The Peach state is one that has been loved as a retirement destination…

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 →
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 →
myths

Stop Believing These Weird 10 Retirement Myths – Here’s Why

A thoughtful man sits on a porch with a mug, reflecting on the truth behind…

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

Explore

  • 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.