Moving to a new state might be the best option if you wish to be nearer to your grandkids, enjoy nicer weather, or spend less on housing. But when choosing whether or not to relocate, retirees sometimes forget to take local and state taxes into account.
The total amount of state and local taxes you owe can differ significantly from one location to another. For some people, the difference in taxes between two locations might represent a significant amount of money.
So before deciding to move out, you should better check out the states with the highest income tax rates.
