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Where could one enjoy a nice retirement without paying state income tax on Soc Sec?
In a rather different type of piece, Silvia Ascarelli of MarketWatch responds to a reader’s inquiry (age 68) about retirement possibilities where she could forgo paying income tax. While there are many states that do not tax benefits, the author focuses on a handful of western communities here. Washington, Wyoming and Nevada have no income tax, including on Social Security, and Oregon likewise does not tax Social Security income. High tax California actually doesn’t tax Social Security. Colorado does, but there are exemptions and thresholds which means many do not pay tax there either. The same is true of Idaho and Montana. Read the full piece here.
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