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Your email address will not be published.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

  • 20 Top-Rated Neighborhoods for Retirees in 2026
  • Best Places to Retire in the USA in 2026 (Affordable, Safe & Tax-Friendly Picks)
  • 6 Important Changes to Social Security Benefits in 2026
  • How To Pay Your Taxes With Your Credit Card in 2022
  • 8 Ways To Avoid Retirement Poverty
  • 13 States Where Your Freedom Is Respected
  • 18 Places Where Social Security Is More Than Enough
  • 7 Ways To Budget Your Groceries in Retirement
  • 14 Retirement Cities With Awful Weather
  • 11 States With the Best/Worst Social Security Checks in 2022

Newsletter

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

Related Articles

28 Ways to Make Early Retirement Work for You

Know the Rules for Being Able to Tap Retirement Savings Early Don’t expect to tap…

Read More →

Thinking of Retiring Early? These Real-Life Tips Can Help You Do Just That

Don’t forget that savings are crucial Investments can help you grow your portfolio and secure…

Read More →

14 Amazing Travel Locations For Over 60s

Bangkok, Thailand – The beauty of vacationing in Thailand is that you can do it easily…

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 →

10 Best States for Retirees to Settle Down

5. South Dakota Not only will you enjoy more of your savings by dodging an…

Read More →

12 Best Countries To Live Perfectly Well on Social Security Alone

Ecuador Another place where your Social Security can go far is Ecuador. From its warm,…

Read More →

Are Your Retirement Savings Safe? 6 Surprises That May Derail Your Retirement Plans!

Millennials who won’t move out A survey by Country Financial Security Index found that 1…

Read More →

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 →

5 Ways Medicare Will Change In 2021

Medicare will change some things this year, so if you’re a senior who relies on…

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.