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Your email address will not be published.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

  • 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
  • 10 Small Towns Where Retirees Can Live Like Millionaires 10 Small Towns Where Retirees Can Live Like Millionaires
  • An older veteran looking skeptically at a tablet showing a $10,000 XRP claim, watercolor illustration. American Veterans Are About to Receive $10,000 in XRP From Ripple - More Here!
  • A retired couple standing on a sunny balcony in Europe overlooking a coastal town at sunset. 10 Things to Know About Retiring Abroad
  • A thoughtful 68-year-old man sitting on his porch during golden hour, holding a warm mug. Here's the Average Social Security Benefit of 68-Year-Old Americans (How Do You Compare?)
  • A stylized gouache illustration of a couple walking along a path divided into Taxable, Tax-Deferred, and Tax-Free segments. In What Order Should You Tap Your Retirement Funds? (Find Out Here!)
  • An active retired couple laughing together on a wooden lakeside porch in New Hampshire during a warm autumn morning. The 10 States Where Retirees Receive the Highest Median Social Security Benefit Checks
  • A retired couple hiking hand-in-hand along a scenic desert trail lined with cacti during a warm, golden sunset. 20 Affordable Desert Towns Retirees Are Falling in Love With

Newsletter

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

Related Articles

The Pandemic Cut Into Your Retirement Savings? Here’s How You Can Recover

Postpone claiming Social Security as long as possible A worker can claim Social Security benefits…

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 →

Reasons You’ll Regret an RV in Retirement

Health Care Can Be a Hassle RV life is not only about beautiful sceneries and…

Read More →

11 Reasons Why Working Past Retirement Might Be To Your Advantage

You might fall into the trap of believing that retirees are way happier after they…

Read More →

Do You Want to Pass Wealth on to Your Kids? Here’s How!

Open a high-yield savings account You’ll likely have some money left over that you won’t…

Read More →

14 Retirement Cities With Awful Weather

 Grand Forks, North Dakota – Grand Forks in North Dakota has its fair share of…

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 →

Top 11 Medical Alerts Systems

Medical alert systems have become a popular choice for many older Americans, especially those who…

Read More →

11 Essential Facts About Assisted Living You Need to Know

A senior couple reviews financial documents on a tablet to plan for their future assisted…

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.