Texas
The Lone Star State doesn’t have state income taxes.
Utah
Utah taxes Social Security benefits.
The individual income tax rate is flat at 4.95 percent. Even so, Utah offers a retirement credit of up to $450 for taxpayers born on or before December 31, 1952, as the state confirmed.
Vermont
Vermont taxes Social Security benefits. However, because of a state law enacted in 2018, the state allows for an income tax exemption for beneficiaries who have an income below a specific amount.
The individual state income tax rates range from 3.35 to 8.75 percent, which is a very fair range, given the area and how demanded it is.
2 thoughts on “This Is How All 50 States Tax Your Retirement Income”
how much are senior,s taxed in kentucky?
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?