retirement

3 Worst States for Taxes on Retirees

High income taxes, sales taxes and taxes on Social Security and other retirement income make states such as Connecticut, Kansas and Minnesota especially tax-unfriendly for retirees.

We analyzed tax policies in all 50 states to find the least tax-friendly states for retirees. The worst places to retire can levy taxes on Social Security benefits and other retirement income, and even on estates and inheritances. Most also impose relatively high property taxes. Here are the three worst states for taxes on retirees.

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Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs
Coronavirus and Your Money

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs

People have lots of questions about the new $3,000 or $3,600 child tax credit and the advance payments that the IRS will send to most families in 2021…
May 4, 2021
Are You Still Chasing the Almighty Dollar, Even Though You Have Plenty to Retire?
retirement

Are You Still Chasing the Almighty Dollar, Even Though You Have Plenty to Retire?

In our experience, many have saved enough money to retire comfortably. Yet too many worry about their money running out and want more. Maybe it’s tim…
May 6, 2021
9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)
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9 Tax Deadlines for May 17 (It's Not Just the Due Date for Your Tax Return)

Between due dates for extension requests, IRA or HSA contributions, and other deadlines, there's more to do by May 17 than just filing your federal in…
May 4, 2021

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14 Social Security Tasks You Can Do Online
retirement

14 Social Security Tasks You Can Do Online

Why visit a government office to get your Social Security business done? You can do much of that online.
April 2, 2021
9 Reasons to File a Tax Return Even If You Don't Have To (Hint: They're Due Soon!)
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Although you might not be required to file a tax return, it might be wise to file one anyway. Here are a few reasons why.
May 7, 2021
33 States with No Estate Taxes or Inheritance Taxes
retirement

33 States with No Estate Taxes or Inheritance Taxes

Even with the federal exemption from death taxes raised, retirees should pay more attention to estate taxes and inheritance taxes levied by states.
May 6, 2021
What's Your Strategy for Maximizing Your Social Security Benefits?
social security

What's Your Strategy for Maximizing Your Social Security Benefits?

Deciding when to start taking your Social Security benefits can have significant financial consequences. Here are some of the factors you should think…
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