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

7th Best: South Carolina

The downside: Like in the previous states, the sales taxes are not at all friendly. In South Carolina, however, the average combined state and local rate is 7.46%. Prescription drugs and groceries are still exempt.

Why it’s still a good place to move: There’s no state income tax on Social Security benefits, nor any estate or inheritance tax. There’s an exemption of up to $10,000 in retirement income, with a $3,000 for individuals under 65.

Single filers can also benefit from a $15,000 deduction from other taxable income, or a $30,000 deduction for joint filers. The cherry on top: below-average property taxes, with a median of $601 per $100,000 in assessed home value and the right to exempt the first $50,000 in property value for at least one year for former residents of the Palmetto State.

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Your email address will not be published.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 grandmother stands quietly in a cozy kitchen while her adult daughter feeds a toddler at the table, capturing a subtle family moment. 10 Signs You're Overstepping as a Grandparent
  • 2027 IRMAA Bracket Forecast: Estimated Income Thresholds by Filing Status 2027 IRMAA Bracket Forecast: Estimated Income Thresholds by Filing Status
  • A woman in her mid-60s sits at a sunlit wooden kitchen table, circling a date on a paper wall calendar. The Birthday That Changes Your Medicare Options Forever
  • An older couple sitting at a sunlit kitchen table reviewing financial documents together in a warm, candid moment. How Much You'll Actually Get From Social Security at Every Age
  • An older man with silver hair smiles warmly while working behind the front desk of a brightly lit local community center. 6 Part-Time Jobs at Community Centers for Retirees
  • An older couple sits at a wooden kitchen table in morning light, carefully reviewing Medicare paperwork and calendars. The Medicare Deadline That Sneaks Up on Retirees Every Year
  • An older couple reviewing retirement planning documents together at a sunlit kitchen table, capturing a warm and organized moment. Medicare Part B vs Part D: A Side-by-Side Breakdown
  • What $3,000 a Month Really Looks Like in Retirement Based on Where You Live What $3,000 a Month Really Looks Like in Retirement Based on Where You Live
  • An older couple in casual clothes sitting at a wooden kitchen table, looking at a tablet together in warm natural light. Here's What the Average Social Security Check Is in August (How Do You Compare?)
  • A retired couple walks down a peaceful, tree-lined suburban sidewalk during the warm golden hour. 10 Best Retirement Cities With Peaceful Neighborhoods

Newsletter

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

Related Articles

Retiring From The Military? See How Much Money You’ll Get

Military Survivor Benefits – At retirement, you have the option of paying for a Survivor Benefit…

Read More →

There’s How Retirees Can Explore The World Without Leaving Their Sofas

You can still visit museums and marvel at their great works of art, tour historical…

Read More →

Is This the Most Overlooked Health Risk for Seniors?

Most of us worry about illness as we grow older. Cancer, diabetes and heart disease…

Read More →

The 5 Biggest Retirement Mistakes People Make All the Time

Life, hobbies, work… they can all get in the way of financial planning for retirement.…

Read More →

10 Retirement Places Where Homes Cost Under $100K

Discover 10 affordable cities where retirees can buy homes for under $100,000, allowing you to…

Read More →

Avoid These 20 Cities If You Want a Worry-Free Retirement

Discover the worst cities for retirees based on cost of living, taxes, crime, and healthcare…

Read More →
An active senior couple looking out over a scenic coastal town during a golden sunset.

Top 13 Places to Retire in America in 2026

Discover the best places to retire in 2026. Explore our guide to top retirement cities…

Read More →

Key Things Retirees Wish They Could Tell Their Younger Selves

We cannot go back in time and do things differently, no matter how much we’d…

Read More →

20 Top-Rated Neighborhoods for Retirees in 2026

7. Old Northeast, St. Petersburg, Florida — Best Urban Retirement Neighborhood Old Northeast in St.…

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

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.