10 States That Don’t Tax Retirees’ Income

5 min read

If you’re looking for the perfect place to help you make the most of your retirement money, look no further.

Continue reading to learn which U.S. states don’t levy taxes on retirement income.

10. Wyoming

Source: Pixabay

According to MarketWatch.com, Wyoming is the most tax-friendly state for retirees in the U.S. For starters, the state doesn’t levy a personal income tax, which means it also doesn’t tax Social Security benefits, pension income, 401(k) plan withdrawals, or IRA distributions.

There’s no estate or inheritance tax either. Not only that, but Wyoming’s property and sales taxes are also relatively low. In fact, the state has one of the ten lowest real-estate property tax burdens in the country. To top it all off, Wyoming boasts a relatively affordable cost of living.