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Here's a look at how various states tax retirement income. ... Washington state does feature a state capital gains tax, but only for high earners. ... Pennsylvania. The 41 states that don't tax ...
Pennsylvania: The state taxes work-based wages, but income from IRAs, 401(k) accounts, and even Social Security isn't taxable. Pension income isn't taxable in Pennsylvania, either, as long as the ...
Although the state of Washington doesn't tax most retirement benefits, it does tax capital gains. This tax might have gone away, but a ballot initiative to eliminate capital gains taxes didn't ...
Washington. Wyoming *While New Hampshire doesn't tax workers' wages, note that it will tax interest and dividend payments in excess of $2,400 per year as income through 2024. ... four more states ...
One thing to note is that New Hampshire does tax income from investments, such as dividends, at a 5% rate, although you must make at least $2,400 if you are single and $4,800 if filing jointly ...
Washington. Wyoming. Whether it's from a job, 401(k), IRA, pension, or Social Security, retirees in these nine states won't have to worry about paying any state income tax. However, federal tax ...
Note: New Hampshire levies taxes on income from interest and dividends, but the state government has repealed that tax, which will go into effect Dec. 31, 2024. These four states make exceptions ...
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 ...