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

  • Older man in a blue sweater reviewing paperwork at a table with eyeglasses and a steaming mug nearby. 11 Things Retirees Wish Their Bank Had Told Them
  • Older adults dancing and sitting at tables in an outdoor courtyard with string lights during an evening concert. 9 Great Communities for Retirees Who Are Social Butterflies
  • A man stands in his kitchen looking down at an open laptop near a calendar and bills on the counter. 12 Warning Signs You'll Actually Need to Unretire Soon
  • Smiling older park guide handing a trail map to someone against a sunny mountain lake backdrop. 8 Charming Resort Towns Perfect for Retirees Who Enjoy Seasonal Work
  • An older couple stands inside a modern living room looking out a large sliding glass door toward a sunny desert neighborhood. 10 Biggest Reasons So Many Retirees Say They Regret Moving to Arizona
  • Senior man sitting in a wooden armchair on a stone patio holding a mug, overlooking a desert landscape with mountains. 10 Underrated Southwest Towns Where You Can Retire on $1,500 or Less a Month
  • Older couple standing on a screened patio looking at a lake under storm clouds, with bills on a table in front. 8 Reasons You Don’t Want to Retire in Florida, According to Floridians
  • Older man writing with a pencil and woman reviewing an IRS Schedule A tax form at a wooden table with a calculator. What the 2026 Senior Tax Deduction Means for Retirees
  • A man sits at a wooden table in a sunlit kitchen, looking down intently at a financial document. Who Benefits From Trump’s 401(k) Plan (and Who Won’t)
  • A senior man sitting at a wooden table examines an investment portfolio document next to a notebook and coffee mug. 4 Boring Moves To Do Now to Add Hundreds to Your Social Security Check

Newsletter

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

Related Articles

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 →
Three active seniors walking through a vibrant, sunlit downtown plaza with a dog and coffee, representing a fulfilling retirement lifestyle.

9 Places Where Seniors Are Finding More Things to Do

Discover the top active retirement destinations offering lifelong learning, outdoor recreation, and vibrant cultural scenes…

Read More →
A senior woman in a sunlit home studio carves patterns into a ceramic bowl, surrounded by pottery tools and a warm, domestic atmosphere.

How Seniors Are Turning Their Hobbies Into Real Income in 2026

Discover practical strategies for seniors to successfully turn their favorite hobbies into flexible, reliable side…

Read More →

What It’s Really like to Retire in an RV

Consider living expenses When going on an RV adventure, don’t think it’s all rainbows and…

Read More →
A stylized gouache illustration of a western landscape featuring mountains, red rock mesas, and pine forests under a warm afternoon sun.

10 Western Retirement Spots with Incredible Lifestyle Appeal

Discover ten western retirement destinations that offer breathtaking scenery, excellent healthcare, active lifestyle communities, and…

Read More →
An older man with silver hair smiles warmly while working behind the front desk of a brightly lit local community center.

6 Part-Time Jobs at Community Centers for Retirees

Discover flexible part-time jobs at community centers for retirees. Learn about roles, wage expectations, Social…

Read More →

13 Things Worth-Knowing if You Buy a House After 50

Retirement can be an amazing time, where you finally get to feel that peace and…

Read More →

15 Ways To Battle Loneliness In Retirement

The biggest fear of any retiree is to be alone and isolated. Unfortunately, more than…

Read More →
A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work.

20 Great Part-Time Jobs For Retirees

Explore 20 great part-time jobs for retirees, from remote consulting to outdoor work, and learn…

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.