Retirees have special concerns when it comes to taxes. Does the state tax Social Security benefits? Are there property tax breaks for seniors? The answers can have a big impact on a fixed income.
We analyzed the tax policies of all 50 states and the District of Columbia to identify the tax-friendliest state for retirement. Surprisingly, our top pick isn’t Florida or Arizona, though both earn high marks. You need to head north—way north—to find the best state for taxes on retirees. It’s Alaska.
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