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Your email address will not be published.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 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
  • A retired couple enjoying a sunset view from a balcony, symbolizing financial freedom and a new chapter. Best States With No State Income Tax for Retirees in 2027
  • A happy senior couple enjoying their safe, brightly lit modern living room. Aging in Place: Best Home Modifications That Keep Seniors Safe and Independent

Newsletter

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

Related Articles

destinations

Top 10 Best Destinations to Retire in Europe

You have had a hard-working life and you are fed up with it. Now it’s…

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 →
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 →
retire comfortably

Retire Comfortably as a Middle Class American in 5 Easy Ways

A woman in a blue cardigan enjoys a quiet moment in her bright home, reflecting…

Read More →
money

6 Tips for Making Your Money Last as a Retiree

A pensive man leans over his desk with a tablet, reflecting on his financial security…

Read More →
Senior Housing retirement

Senior Housing: What Are 5 Affordable Programs?

An older man enjoys a quiet moment overlooking the city, considering how his housing needs…

Read More →
Budgeting Mistake

8 Budgeting Mistakes You Can Easily Avoid in Early Retirement

Budgeting Mistake: Holding Onto An Expensive Home Even if you can count yourself among the…

Read More →
50s Travel Destination

8 Incredible Over 50s Travel Destinations You Can’t Miss

Tuscany, Italy Who wouldn’t want to travel to Italy? Consider Tuscany if you’re a retiree…

Read More →
401(k)

Got a 401(k) Plan? Here’s How You CAN and CAN’T Take Advantage of It

Can’t: Exceed Your Annual Contribution Limits No matter which type of 401(k) plan your company…

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.