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

Illinois

– Social Security and all income from federally qualified retirement plans are exempt from state taxes, as well as capital gains on employer securities

– Residents aged 65 and more benefit from free classes for credit at Illinois public institutions

– Discounts for Chicago public transportation and paratransit with a permit; free shuttles with stops at supermarkets

– Discounts for camping for people 62 and older

– Reduced fees for hunting and fishing licenses

– Discount for license plates

A senior couple shopping for fresh vegetables at an outdoor market.
A happy senior couple enjoys Indiana’s affordable lifestyle while shopping for fresh produce at a local market.

Indiana

– Social Security income is not taxed

– There’s no estate tax

– Residents aged 60 and older get 50% reimbursement for up to nine credits a semester at Indiana University

– Discounts for taxi services, wheelchair services, and transportation to essential services in most municipalities

– Senior citizens aged 64 and older can pay $3 for an annual fishing permit or $17 for a lifetime fishing permit

– 50% discount for an annual pass to state parks for citizens aged 65 and older

A senior man riding a bicycle through a golden field.
A happy retiree cycles past golden cornfields and rustic barns in the peaceful Iowa countryside.

Iowa

– Social Security income is not taxed, and other retirement income of up to $6,000 for individuals, or $12,000 for joint filers is exempt from state tax in the case of residents aged 55 and older

– Tuition exemptions for one for-credit course per semester at Des Moines Area Community College for senior citizens aged 62 and older; similar waivers at other community colleges

– Low-income seniors aged 65 and older don’t have to pay any fee for hunting or fishing licenses

– Half-priced cards for Des Moines Area Regional Transit for residents 65 and older

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

  • A warm mid-century gouache illustration of an older couple happily planning a trip to Europe with a colorful map on their kitchen table. The Cheapest Months to Fly to the Most Popular European Destinations
  • An older woman smiling and laughing while talking on her phone at a sunlit kitchen table with a mug of tea. Telephone Reassurance Programs: Getting Paid to Chat With Seniors
  • An older woman at her sunlit dining table organizing paperwork and folders. Supplemental Security Income: Do You Qualify for Extra Help?
  • An older man happily restoring a wooden chair in his sunlit home workshop, symbolizing flexible and rewarding part-time work. 8 Flexible Part-Time Work That Won't Affect Your SS Benefits
  • A retired woman sits thoughtfully at her sunlit kitchen table, reviewing papers and bills with a warm mug of tea nearby. 16 Things Retirees Often Overpay For Without Realizing
  • An older couple stands on their porch during sunset, looking at a moving truck parked in their driveway. Retirees Regret Choosing These 5 States (Based on Cost and Lifestyle)
  • An older couple sitting at a wooden kitchen table reviewing organized tax documents in warm morning light, representing tax planning. 5 Tax Breaks You Can Claim Without Itemizing in 2026
  • An editorial illustration of a retired couple rolling back a rug to reveal hidden wealth and resources beneath their floorboards. The Retirement Benefits Beyond Traditional Checks - Find Them Here!
  • An editorial gouache illustration showing a stylized Social Security card sliced at the top, revealing gold coins inside. Could Social Security Taxes Change Again?
  • An editorial gouache illustration showing stylized hands adjusting a large monthly benefit check with a ruler and compass. The Benefit Rule That Could Affect Your Monthly Check

Newsletter

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

Related Articles

Top 10 Countries To Live In If You’re Over 60

In recent years, life expectancy rates have increased, so the proportion of adults that are…

Read More →

Retirement Savings Mistakes Financial Advisors See Too Often

5. Taking on too much, or not enough, investment risk The first rule of investing…

Read More →

12 Retirement Ideas That Work for Any Household

11. Wait To Draw Social Security Until You’ve Maxed Out Benefits Of course, you are…

Read More →

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

Seasonal Employee  Retail boutiques, toy stores, big-box stores, they all need some extra help when…

Read More →

11 Countries to Retire Where $150K Is More Than Enough

Ireland  Although prices in most cities of Ireland have reached all-time highs, there are still…

Read More →
A happy retired couple enjoying the sunset on a beautiful porch.

8 States to Retire For Less Than 45K a Year

Discover the top 8 affordable states where you can comfortably retire on a budget of…

Read More →

9 Ways to Manage Your Time Like a Pro During Retirement

Relax in a rope hammock while a cat naps nearby in this lush, tranquil retirement…

Read More →
A retired couple in a sunlit kitchen, one looking at a travel brochure and the other staring out the window, illustrating the shift in relat

8 Things Couples Argue About More After Retirement

Discover the most common sources of conflict for retirement couples and learn practical strategies to…

Read More →

30 Things That You Really Don’t Need as a Retiree

EXERCISE EQUIPMENT Workout equipment takes up a lot of space and money only to remain…

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.