Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

10 Most Tax-Friendly States For Retired Taxpayers

May 31, 2021 · Retirement Life

6th Best: Colorado

The downside: Similar to South Carolina, the average combined state and local sales tax rate is 7.72%, with groceries and prescription drugs exempt from sales taxes. Up to $24,000 in Social Security benefits or other retirement income is not taxable in the case of Colorado seniors aged 65 and more. Anything else exceeding the threshold is subject to taxes.

Why it’s still a good place to move: If the fresh, mountain air is not a good enough incentive, let’s also add the extremely low property taxes. The median is somewhere at $494 per $100,000 in home value and seniors also have access to a variety of programs that can help them save on taxes even more. This includes a 50% exemption on the first $200,000 in value for residents living in Colorado for a long time.

Read also: 26 States That Do Not Tax Your Social Security Benefits

Pages: 1 2 3 4 5 6 7 8 9 10 11

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A smiling retiree working on a laptop on a sunny outdoor terrace. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A happy retired couple loading groceries into their car in a bright parking lot. 9 Ways to Shop at Costco Without a Membership
  • A happy senior couple standing in front of their beautiful, affordable new home during golden hour. 10 Best Places to Retire That Won't Break the Bank
  • A confident retiree using a laptop in a bright, modern home office. 7 Common Passwords To Avoid
  • A senior couple happily reviewing floor plans in a bright, modern living room. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

8 Ways To Avoid Retirement Poverty

Buy the U.S. government inflation-adjusted annuity – By delaying Social Security benefits for four years, you…

Read More →

12 Ways To Relieve Your Financial Anxiety

Create a monthly budget  Have you ever considered that your financial anxiety comes from a…

Read More →

10 Hidden Drawbacks of 401(k)s That Will Leave You Speechless

Recordkeeping May Be Inadequate By now, we’ve all figured out that a 401(k) plan is…

Read More →

7 Reasons Renting Fits Perfectly With Your Retirement

5. Explore the world When it comes to vacationing, renting opens up two great possibilities.…

Read More →

10 Military Communities Where Vets Can Happily Retire

San Antonio, TX – If you’re looking for a place that’s livelier, you’ll enjoy living in…

Read More →

20 Easy Ways to Live the Retirement Life of Your Dreams

Discover 20 practical and actionable ways to build a fulfilling, active, and joyful retirement life…

Read More →

15 Mistakes Even Smart Retirees Could Make

Discover the 15 most common financial, healthcare, and lifestyle mistakes retirees make—and learn actionable strategies…

Read More →

12 Most Affordable U.S. Cities Where You’ll Really Want to Retire

Don’t retire in Santa Ana, California Santa Ana might be familiar to you because of…

Read More →

19 Quick Ways to Earn Some Extra Cash During Retirement

Discover 19 flexible, practical ways to earn extra cash during retirement, from remote consulting and…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

  • About Us
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Subscribe
  • Unsubscribe
  • Contact Us

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.