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Your email address will not be published.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 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 happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 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 senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 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

Are You a Baby Boomer? Here’s How You Can Catch up on Retirement Savings

Find Room in Your Budget To Save More Most people who are not veteran savers…

Read More →

11 Reasons Why Baby Boomers Aren’t Prepared To Retire

Poor understanding of health costs  Here’s something frightening to hear: There’s a 2018 analysis that…

Read More →

22 Ways to Live a Comfortable Retirement on Social Security Alone

Pay off your debt If retirement is getting closer and closer but your debts are…

Read More →

Are you Self Employed? Here’s The Best Retirement Plan For You

SEP IRA SEP IRA comes from Simplified Employee Pension Individual Retirement Arrangement, and it has…

Read More →
A happy retired couple standing on a sunny balcony overlooking the sea, symbolizing a dream retirement lifestyle.

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 →

19 Successful Ways to Save Money for Retirement

Save at Least 10% Annually You should try to set aside 10% of your annual…

Read More →

12 of the Fanciest Retirement Home Communities and Their Rent Prices

Explore 12 of the fanciest luxury retirement communities in the U.S., including entrance fees, monthly…

Read More →
A mature couple looking thoughtfully at a sunset over the ocean, representing the transition into retirement.

20 Moments When We All Lie to Ourselves About Retirement

Discover the 20 most common lies we tell ourselves about retirement and learn how to…

Read More →

Best Places to Retire in the USA in 2026 (Affordable, Safe & Tax-Friendly Picks)

4. Naples, Florida—Best for Wealthy Retirees & Estate Planning Naples, Florida is synonymous with upscale…

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.