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No Social Security tax in Georgia. In addition the first $35,000 per person of pension and/or IRA/401K withdrawals are tax free after age 62. That amount increases to $65,000 at age 65. With Florida's homeowner insurance being so high, we are beginning to be the Florida alternative.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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No, there is no state income tax at all here in Washington. I do pay Federal income tax on my SS though, because I'm still working at age 71, and my income is high enough that 85% (maximum) of my SS is subject to income tax. I forgot to have SS withhold and had to fork out $8,000 in April.
New Mexico stopped taxing social security last year.
Yes, but with the exception of when other taxable income exceeds $100K for singles, $150K for couples according to what I have read. If other taxable income is over those amounts, SS becomes taxable. Based on this, the vast majority of NM residents won't be taxed in NM on SS, but a few at the top end of the food chain will pay tax on at least a portion of their SS benefits.
No income tax here in Tennessee so no tax on Social Security. However there is a high sales tax including on groceries. So every time a retiree picks up a loaf of bread or a gallon of milk they are taxed.
No, there is no state income tax at all here in Washington. I do pay Federal income tax on my SS though, because I'm still working at age 71, and my income is high enough that 85% (maximum) of my SS is subject to income tax. I forgot to have SS withhold and had to fork out $8,000 in April.
No real way around that. In that way SS is already means tested. Washington is the most realistic state for me to 'flee' to since it is just over the bridge . Well, sort of, I might like the area North of Seattle the best.
No income tax here in Tennessee so no tax on Social Security. However there is a high sales tax including on groceries. So every time a retiree picks up a loaf of bread or a gallon of milk they are taxed.
That's interesting because most states with sales tax do not tax food.
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. Well, sort of, I might like the area North of Seattle the best.
