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Most Important Financial Benefits For Retirees Offered By Each State

May 11, 2021 · Retirement Life

Nevada

– There’s no state income tax

– Access to state parks, camping, and boat launching for $30 fee annual permit for citizens 65 and older

– Discounted hunting/fishing license for residents 65 and older

– Lower prices for Regional Transportation Commission of Southern Nevada buses for residents 60 and older

A couple walking on a path covered in colorful fall leaves.
A happy senior couple walks through vibrant autumn leaves, enjoying New Hampshire’s tax-friendly retirement benefits.

New Hampshire

– Only dividend and interest income is taxed

– Free state park entry for residents 65 and older

– Reduced fee for hunting and fishing licenses for residents 68 and older

– Residents aged 65 and older get tuition exemptions for a maximum of two for-credit courses per academic year at the University of New Hampshire

– Rides at half-price on Cooperative Alliance for Seacoast Transportation buses, Manchester Transit Authority buses, and Concord trolleys and buses for residents 65 and older

A senior woman walking on a wooden boardwalk by the sea.
A happy retiree walks along a sunny boardwalk, enjoying the vibrant lifestyle of the New Jersey shore.

New Jersey

– Social Security income is not taxed; significant exemptions on other retirement income if it’s $100,000 or less for residents 62 and older

– Tuition exemptions at public colleges for seniors 65 and more; free audit classes in the spring and fall at Rutgers

– 50 percent discount on all public transit throughout the state for residents 62 and older

– Free access and parking at any park forest, beach, or historic site, and $2 exemption for camping applied to residents 62 and older

– Lower license fees for fishing and clamming for senior citizens ages 65 to 69; no fee or stamps required for seniors 70 and older; discounted hunting license fees for retirees 65 and older

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One response to “Most Important Financial Benefits For Retirees Offered By Each State”

  1. min aung says:
    April 18, 2022 at 5:45 pm

    California impose tax on Social Security on mine.

    Reply

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