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2. How all 50 states tax retirement income: A ... - AOL

   www.aol.com/finance/states-that-tax-retirement...

   New Mexico taxes retirement income using state income tax rates, which range from 1.7% to 5.9% in 2024. Residents ages 65 and older can claim an $8,000 exemption to offset their tax burdens.

3. Taxation in New Mexico - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_New_Mexico

   [1] [2] It does not have inheritance tax, estate tax or franchise taxes. While New Mexico does not have a state sales tax it does have a statewide "gross receipts tax", which is commonly passed on to the consumer by businesses just like a normal sales tax. [3] [4] [5] Its state income tax ranges from 1.7% to a maximum of 4.9%. [3]

4. It's True: These 13 States Don't Tax Retirement Income - AOL

   www.aol.com/true-13-states-dont-tax-131500277.html

   See, although you'll always be subject to federal income tax, there are 13 states that don't tax retirement income -- at all. Here's a rundown of those states. States that don't tax retirement income

5. Should You Retire in New Mexico? - AOL

   www.aol.com/retire-mexico-131500147.html

   There's no estate tax in New Mexico, either -- although federal estate taxes still apply. The quality, availability, and cost of healthcare should be a major concern for retirees and should be ...

6. Unexpectedly Awesome Places to Retire Across America - AOL

   www.aol.com/unexpectedly-awesome-places-retire...

   Retirees will need to remember that California overall is not a tax-friendly state for retirees, though. ... New Mexico taxes all retirement income including Social Security with a deduction for ...

7. I'm Going to Retire but Will Work Part Time. How Much Can I ...

   www.aol.com/much-retired-person-earn-without...

   New Mexico doesn't provide a way to minimize the burden. Instead, you'll pay state taxes on all of the Social Security income taxed at a federal level. Can Retirees Ever Stop Filing Taxes?

8. It's True: These 13 States Don't Tax Retirement Income - AOL

   www.aol.com/true-13-states-dont-tax-143019296.html

   New Mexico. Rhode Island. Utah. Vermont. West Virginia. Also, this list has been shrinking in recent years, so by the time you retire, your state may no longer tax Social Security. What to keep in ...

9. Surprising Data Reveals The Top 25 Tax-Friendly States To Retire

   www.aol.com/surprising-data-reveals-top-25...

   24. Texas. State sales and average local tax: 8.20% State tax on Social Security: None Effective property tax: 1.66% Income tax rate (65+): 0% Four of the best cities to retire on $2,000 a month ...