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Here are five of the best tax-friendly states for retirement in 2025. Trending Now: Suze Orman's Secret to a Wealthy Retirement--Have You Made This Money Move? Florida.
Residents of New York pay state income tax on their retirement income ranging from 4% to 10.9%. ... but Ohio’s 2024–2025 budget removed a state income tax bracket and reduced the top rate, ...
20. Texas. State sales and average local tax: 8.19% State tax on Social Security: None Effective property tax: 1.69% Income tax rate (65+): 0% Seven of the cheapest cities to retire are in Texas ...
Find the best states for taxes in retirement.
If you want to stretch your retirement savings as far as possible, don't focus solely on the cheapest places to retire. Pay attention to taxes in the places you're considering, too, because they ...
Pension income isn't being considered either, although in most cases, states that impose income tax on retirees' retirement income also tax pension income, at least to some degree.