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

  • Senior woman working on a laptop resting on a lap desk while seated comfortably in an armchair with an ottoman. 11 Side Gigs Perfect for Retirees With Mobility Limitations
  • A woman sits at a wooden table reviewing financial documents and account statements beside a window and bookshelf. 9 Things to Do With Inherited Retirement Accounts
  • Senior couple in a sunlit living room with large windows, one looking outside and one browsing a wooden bookshelf. 8 Reasons Retirees Are Choosing Co-Ops Over Condos
  • A smiling senior vendor weighing produce on a hanging scale for a customer at a sunny outdoor farmers market. 7 Part-Time Jobs at Farmers Markets and Local Fairs for Seniors
  • Mature man reviews Social Security paperwork and a US passport at an outdoor table overlooking a coastal European city. 7 Social Security Rules for People Who Worked Overseas
  • An older woman talks with an adult woman across a sunlit wooden table set with tea and a notepad. 10 Things Retirees Wish Their Kids Knew About Their Finances
  • A senior couple with luggage stands on an outdoor train platform, checking a travel brochure beside a passenger train. 12 Places Where Retirees Can Afford Both Rent and Travel
  • Mature woman sitting thoughtfully at a wooden table with financial papers, an open planner, glasses, and a steaming mug. 7 Retirement Account Rules That Changed Recently
  • Senior couple walking arm in arm along a brick sidewalk past a bakery, bookstore, and cafe table with coffee. 11 Signs You've Chosen the Right Retirement Town
  • Older couple reviewing tax returns and moving paperwork at a table with cardboard boxes stacked behind them. 7 Tax Surprises for Retirees Who Move Across State Lines

Newsletter

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

Related Articles

Be Careful! 5 Dangerous Scams Targeting Retirees

A smiling woman organizes her files to stay vigilant against fraud and protect her retirement…

Read More →

10 Crucial Things to Consider If You Plan on Retiring in the Next 5 Years

Can you reduce your spending? Obviously, income is important. But how much of that income…

Read More →

7 Most Important Non-Financial Assets for a Fulfilled Retirement

Gratitude According to studies carried out by psychologists Robert Emmons and Michael McCullough, people who…

Read More →

12 Incredible Inventions That Are Beneficial for Seniors

Anti Slip Shower Mat To emphasize even more the safety necessity in the shower cabin,…

Read More →

10 Best and Worst Things to Do When Looking for a Place to Retire

5. Do Consider Your Safety Sadly, we can’t escape the reality that criminals often target…

Read More →

The Best Places to Retire If You Can’t Save Up $1 Million

Memphis, Tennessee If music is a big part of your life, consider Memphis. You can…

Read More →

9 People Who Fulfilled Their Lifetime Dreams During Retirement

A Belgian man made his dream car out of wood – Momir Bojic’s dream car was…

Read More →
A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill

9 Scenic (and Cheap) Destinations That Rarely Disappoint

Discover nine scenic and affordable travel destinations perfect for retirees, featuring hidden gems that maximize…

Read More →

12 Ways To Relieve Your Financial Anxiety

Create a monthly budget  Have you ever considered that your financial anxiety comes from a…

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.