Which 13 States Don't Tax Retirement Income?
There's an old saying that goes something like this: The only two certainties in life are death and taxes.
But just because you'll pay taxes in life, doesn't mean you shouldn't try to minimize your tax burden. That can be especially important in retirement, when the traditional paychecks stop. Beyond the fact that almost nobody enjoys paying taxes, most people fail to adequately save enough for retirement, so saving even a little money on taxes each year can make a significant difference to retirees.
Americans' tax treatment varies based on the state they reside in. Understanding how states tax your retirement income isn't the sole factor in where you may want to live, but it can influence your plans.
Source Fool.com
