Retiree Tax Burden Differs By State

It pays to know how a state taxes retirement income, and whether the state offers any tax breaks to retirees.

EDITOR'S NOTE: This article was originally published in the October 2012 issue of Kiplinger's Retirement Report. To subscribe, click here.

No matter where you live, Uncle Sam will take his cut of your retirement income. But your state could take a chunk as well -- the size depending on your location. If you're thinking of moving, check how the states on your list will tax retirement income, such as Social Security and pensions, and whether the states offer any tax breaks to retirees.

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Rachel L. Sheedy
Editor, Kiplinger's Retirement Report