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 JLCo Ana Suanes at Shutterstock

Maine

Maine doesn’t tax Social Security income. Individual tax rates can range from 5.8 to 7.15 percent. Maine will also offer pension benefits income deduction.

It could apply to as much as $20,000 in retirement income from pension benefits but also as retirement plan benefits of various degrees, as the state declared.

Even so, the amount is reduced by income through Social Security. Military retirement plan benefits are completely exempt from state income taxes.

Maryland

Maryland doesn’t tax Social Security income. Individual income tax rates can range from 2 to 5.75 percent. Those residents who are 65 years or older or completely disabled might be eligible for a pension exclusion of up to $30,600, as the state comptroller confirmed.

Even more, residents who are 65 or older and are currently getting military retirement benefits might be able to subtract up to $15,000 of those benefits from their federal adjusted gross income before clarifying their Maryland tax rate.

Massachusetts

Massachusetts doesn’t tax Social Security benefits. The individual income tax rate here is a flat 5.05 percent. But, as Kiplinger added, civil-service, Massachusetts state alongside local government pensions and specific out-of-state pensions might be exempt.

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Your email address will not be published.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 collage showing a bright tropical postcard on the left overlapping with complex financial documents and a 2026 calendar on the right. These Southern Retirement Towns Look Great on Paper - But…
  • A retiree looks over financial documents at his kitchen table, weighing the costs of moving to a new state. 12 Places Where Everyday Retirement Life Can Be Tougher
  • An illustration of a suitcase packed with heavy weights labeled with retirement downsides, while a retiree looks at a distant palm tree. The Downsides of These 10 Popular Retirement Locations
  • 8 Signs It May Be Time to Relocate
  • 8 Ways Retirement Changes Family Relationships
  • 9 Retirement Expectations That Don't Match Reality
  • 9 Things Retirees Are Collecting That Are Suddenly Worth Money
  • A nostalgic living room scene with vintage magazines and reading glasses on a wooden table in warm golden light. Remembering 16 Beloved American Icons We Lost in 2025 and 2026
  • A luxury cruise ship docked in a South American port at dawn, with two retirees looking on from a wooden pier. Hantavirus: What Retirees Need to Know Before Boarding a Cruise Ship
  • A retired couple selects fresh produce at a sunny outdoor market, highlighting the active and affordable retirement lifestyle. 7 Retirement Towns Where Residents Spend Less On Groceries

Newsletter

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

Related Articles

retirement hobbies

Top 8 Worst Cities For Retirement

Hawaii Ok, well, this just sounds like a dream come true. What could possibly be…

Read More →
waterfront places

9 Low-Cost Waterfront Places For a Happy Retirement

7. Jacksonville, Florida Over the last decade, Florida’s most populous city has gained 90,000 new…

Read More →
check million

12 States That Are Sending Out Stimulus Checks

Hawaii In June, the state’s legislature finally approved sending a tax rebate to every single…

Read More →
hobbies

Top 8 Most Popular Hobbies for US Seniors

7. Opportunities for education This doesn’t sound exactly like a hobby, right? Well, for a…

Read More →
great state

8 Shocking Reasons Why Retirees Are Fleeing Florida

A senior man reviews financial documents on a sunny porch, weighing the rising costs of…

Read More →
Major Purchases On Your Phone

5 Worrying Reasons to NEVER Make Major Purchases on Your Phone

A mature man opts for his laptop over his smartphone to ensure accuracy and security…

Read More →
A grandmother and grandson sitting on a wooden dock at sunset, skipped stones creating ripples in the water.

7 Retirement Places Where Grandkids Actually Love Visiting

Discover top retirement destinations featuring family-friendly attractions, favorable tax rates, and a lifestyle that keeps…

Read More →
retirement discounts credit score

Save More With These 10 Senior Discounts This Year!

There are so many discounts available nowadays to seniors. Retirees can oftentimes receive all kinds…

Read More →
christmas

Freshly Retired? 7 Ways to Manage Holiday Spendings

Borrowing from your 401(k)/Considering holiday loans Also, watch out for that 401(k)! It’s never a…

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.