Retiree Tax Map Reveals Most, Least Tax-Friendly States for Retirees

Kiplinger.com has unveiled its annual list of the most and least tax-friendly states for retirees. Kiplinger’s 2018 Retiree Tax Map—available at Kiplinger.com/links/retireetaxmap [kiplinger.com]—reveals senior tax breaks across all 50 states, and compares taxes on income (including Social Security benefits, pensions and other forms of retirement income), property, everyday purchases and estates.

“With Kiplinger’s Retiree Tax Map, retirees and near-retirees can determine which locations fit best based on their sources of income, spending habits and value of their estate,” says Sandra Block, Senior Editor, Kiplinger’s Personal Finance. “Location plays a major role in the quality of retirement years – we hope to make this decision easier for those in the midst of this exciting life stage.”

The 2018 Kiplinger Retiree Tax Map features comprehensive tax profiles of each state, a list of the 10 most tax-friendly states for retirees [kiplinger.com] and a list of the 10 least tax-friendly states for retirees [kiplinger.com], as well as additional roundups including states with no income tax [kiplinger.com], sales tax [kiplinger.com] or Social Security tax [kiplinger.com], states with estate and/or inheritance taxes [kiplinger.com] and more.

The Retiree Tax Map is a sister project to Kiplinger’s annual Tax Map—which outlines each state’s income taxes, sales taxes, gas taxes, “sin” taxes (for products such as alcohol and tobacco) and other tax rules and exemptions. The 2018 Tax Map [kiplinger.com] launched in October.