Are you aware of this year’s taxes?
Less money spent on taxes? That would be brilliant! You want to move to a different state this year, but you are not entirely sure about this. This is a straightforward question for most retirees. And that’s OK because you need to take into consideration a lot of facts if you want to move to another state. Maybe it’s because of the money, or maybe you want to be closer to your grandchildren. It doesn’t matter because we got your back!
Taxes can differ from one state to another, and it might be a burden, especially if your income is not what you expected it to be.
If you’ve thought about moving, which would be your ideal destination?
You need to swap out Alabama for Virginia. Virginia taxes literally everything ata a high rate. I pay almost much personal property tax for my 4 year old truck as I do for my house.
What about Texas? Sure, property taxes are a little high; however, if you are a 100% disabled vet you pay 0 property tax on your primary residence. There is no state income tax, they don’t tax military retired pay or your vehicle when you register it every year like some states. TX is also one of the most veteran-friendly states with many discounts for vets. Also some of the best laws for gun owners.
James
THE U.S. GOVERMENT TAXES NEARLY ALL OF MY SOCIAL SECURITY AND THAT IS A CRIME AND A SHME! ITSBLOODMONEY. HOW DARE THEY!! I HATE PAYING TAXES ON SOCIAL SECURITY!!!
I find Delaware FAR more affordable than Connecticut.
I wish we didn’t have to pay property tax after 65 in Alabama. We are 82 and yes we are paying property tax. It’s not near as high as most states but it’s misinformation that we don’t pay property tax after 65.