Slide Show | October 2015

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10 Worst States for Taxes on Retirees

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Retirees have special concerns when evaluating state tax policies: Are Social Security benefits taxed? Does the state impose its own estate tax? Are there property tax breaks for seniors? The answers can greatly affect the financial well-being of fixed-income retirees.

These 10 states impose the highest taxes on retirees, according to Kiplinger's 2015 analysis of state taxes. Three of them treat Social Security income just like Uncle Sam does -- taxing up to 85% of your benefits. Exemptions for other types of retirement income are limited or nonexistent in these states. Property taxes are on the high side, too. (To see how retirement income is taxed by state, go to the Retiree Tax Map.)

Take a look.

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

10 Worst States for Taxes on Retirees



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