Kiplinger.com Unveils Rankings of Most, Least Tax-Friendly States for Retirees

Press Release

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—2017 ‘Retiree Tax Map’ Offers Easy, Interactive State-By-State Guide—

 

Washington, D.C.— Kiplinger.com has revealed its annual list of the most and least tax-friendly states for retirees. Kiplinger’s 2017 Retiree Tax Map—available at Kiplinger.com/links/retireetaxmap—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.

“Where you live in retirement matters just as much to your tax bill as what you have,” says Sandra Block, Senior Editor, Kiplinger’s Personal Finance. “Retirees and near-retirees can use Kiplinger’s Retiree Tax Map to plan ahead and determine which locations fit best based on their sources of income, spending habits and value of their estate.”

The 10 Most Tax-Friendly States for Retirees: 1.    Wyoming 2.    Alaska 3.    South Dakota 4.    Mississippi 5.    Florida 6.    Pennsylvania 7.    Nevada 8.    New Hampshire 9.    Kentucky 10.  Georgia

The 10 Least Tax-Friendly States for Retirees: 1.    Minnesota 2.    Connecticut 3.    Kansas 4.    Vermont 5.    Nebraska 6.    New Mexico 7.    Utah 8.    Maryland 9.    Indiana 10. Wisconsin

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.

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