10 Least Tax-Friendly States for Retirees-Kiplinger

Slide Show | August 2013

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10 Least Tax-Friendly States for Retirees

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Some states offer attractive tax benefits to woo retirees. Then there are these ten states that are stingy with retirement tax breaks.

When you're living on a fixed income, every penny counts, which makes these states particularly unwelcoming for retirees. Most of these states tax at least a portion of your Social Security benefits. Some also have higher-than-average income taxes. Others make up for low income and sales taxes with high property taxes. "There's no such thing as a free lunch," says Tom Wetzel, president of the Retirement Living Information Center. Finally, some of these states continue to tax you beyond the grave with estate or inheritance taxes.

SOURCES: State tax departments, CCH and the Tax Foundation.

10 Least Tax-Friendly States for Retirees
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