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Here are 13 states that won't tax your Social Security, 401(k), individual retirement account (IRA), or pension income. A map of the U.S. overlaid with $100 bills. Image source: Getty Images.
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 ...
Here's a look at how various states tax retirement income. The nine states that don't tax income. When it comes to the taxation of income, you're in luck if you live in one of the following states ...
While these states do tax their residents' wages, in most cases they still exclude income from sources like 401(k) accounts, IRAs, pensions, and Social Security benefits from state-level taxation ...
Only 9 States Will Tax Social Security in 2025. Only nine states do or will continue to tax Social Security benefits in 2025. These include: Colorado. Connecticut. Minnesota. Montana. New Mexico ...
However, there are still 17 states that don't charge any tax on payments from pension plans. These states are: Alabama. Alaska. Florida. Hawaii. Illinois. Iowa. Mississippi. Nevada. New Hampshire ...
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The state tax rates can be highest in Minnesota, which can tax as much as 9.85%, and Vermont, which taxes as much as 8.75%. Minnesota uses the same rules as the federal government to determine how ...