Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Most Important Financial Benefits For Retirees Offered By Each State

May 11, 2021 · Retirement Life

California

– Social Security income is exempt from taxes

– Residents aged 60 and older benefit from tuition exemption for attending regular classes at California State University facilities

– Depending on age thresholds, seniors have discounts for almost all public transit systems

– Residents 62 and older get $1 discount on parking and $2 discount on camping at all 280 state parks; seniors with low income don’t have to pay any fee for vehicles with a $5 Golden Bear Pass at state parks which impose vehicle fees

– Discount for lifetime hunting and fishing license

See also: 10 Do’s and Don’ts You Have to Consider Before Moving During Retirement

Colorado

– Residents aged 55 to 64 are exempt from state taxes on pension and Social Security income up to $20,000 as well as residents aged 65 and older with an income up to $24,000

– Tax exemption for senior citizens -up to 50% of the first $200,000 of the property value

– Reduced or free classes for audit at Colorado State University, University of Colorado Denver, and University of Colorado Boulder

– $70 Aspen Leaf Pass for 1 year of unlimited access to state parks for residents 64 and older

– Free or low-cost transportation services in many cities

Read also: 19 Unsuspected Obstacles That Prevent You From Having a Worry-Free Retirement

Connecticut

– Single filers with federal adjusted gross income under $50,000 and joint filers with income up to $60,000 are exempt from state taxes on Social Security income

– Property tax exemption of maximum $1,000 for single seniors with income under $35,300, and maximum $1,250 for joint filers with income under $43,000

– Tuition exemption for all classes at all state colleges and universities

– Low transportation costs for Medicare beneficiaries

– Free hunting and fishing licenses; access to special trails, lands, and waters for senior citizens 65 and older

RELATED: 12 Best States to Retire in 2021

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18

Share this article

Facebook Twitter Pinterest LinkedIn Email

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

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

10 Best Spots in the U.S. to Spend Your Retirement Years

Sarasota, Florida Another city in the Sunshine State worth retiring to is Sarasota. The city’s…

Read More →

Should You Retire Abroad?

If you’re planning on retiring but retirement communities are not your go-to destination, living overseas…

Read More →

7 Most Atrocious Nursing Homes In America

1. South Carolina In any given year, there could be as many as five million…

Read More →

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

Downsize According to Jeremy Jacobson and Winnie Tseng, the writers behind the personal finance blog…

Read More →

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

Have a Picture of the Retirement You Want Speaking of motivation, having a clear picture…

Read More →

14 Retirement Cities With Awful Weather

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

Read More →

6 States That Are Perfect for Healthy and Active Seniors

4. Minnesota If you want to live a happy and healthy lifestyle in the Land…

Read More →

Best Multivitamins For Over 50s

Best Multivitamin for Women Over 50:  One A Day Women’s 50+ Healthy Advantage – The One…

Read More →

22 Part-Time Jobs If You’re Retired But Full of Life

Move Manager  There’s a job called Senior Move Manager out there, where someone basically helps…

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.