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Most Important Financial Benefits For Retirees Offered By Each State

May 11, 2021 · Retirement Life

Maine

– Social Security income and up to $10,000 of retirement income is not subject to state tax

– Residents aged 65 and older benefit from free undergraduate classes for credit or audit at the University of Maine

– 50% discount for public transportation throughout Maine

– $8 hunting and fishing license for residents 70 and older

– Free entrance to state parks for seniors ages 65 and older

A senior woman standing on a wooden pier looking at the water.
A smiling woman enjoys the breezy coast while seagulls fly near a scenic wooden pier in Maryland.

Maryland

– Social Security income and most retirement income up to $29,900 is exempt from state tax

– Tuition exemptions at colleges or universities in the Maryland state system for retirees aged 60 and older

– Discounts for Maryland public transit for 65 and older

– Retirees 65 and older pay $5 for consolidated fishing license for inland, tidal, and coastal waters fishing

– Free admission to state parks with a $10 Golden Age pass for residents aged 62 and older

RELATED: 14 States Where Your Pension Won’t Get Taxed

A senior man sitting in a historic wooden lecture hall.
A senior man listens intently during a lecture in a historic, wood-paneled Massachusetts university hall.

Massachusetts

– Social Security income is not taxed

– Certain tuition exemptions and discounts for residents 60 and more

– Low prices for Massachusetts Bay Transportation Administration services and other regional transportation systems

– No fee for hunting, fishing, and trapping permits for seniors aged 70 and older; No fee for saltwater fishing permit for residents aged 60 and older

– $10 lifetime state park passes for senior residents aged 62 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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