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Most retirement income is subject to state income tax in North Carolina, but residents with a taxable income of $47,150 or less are exempt. If your taxable income is between $47,151 and $238,200 ...
Although Pennsylvania does have a flat state income tax — 3.07% — she pointed out that it “does not assess income tax on retirement income, which includes Social Security, IRA withdrawals ...
Remember, too, that living in a state that doesn't tax any retirement income won't mean no taxes. There's still the federal government, which does tax some Social Security benefits .
States with no income tax. Retirement distributions from 401(k) plans or IRAs are considered income for tax purposes. Fortunately, there are several places with no state income tax: Alaska ...
One thing to note is that Washington does have a 7% long-term capital gains tax on profits of $250,000 or more. In 2023, the state also passed a small tax on earned income for a long-term care ...
In addition to the nine states that simply don't impose any income tax on anyone, four more states don't tax retirement income from 401(k) accounts, IRAs, and pensions, even though they do still ...