Best State To Retire In 2024 For Tax Purposes 2024

Best State To Retire In 2024 For Tax Purposes 2024. For the tax year 2024, the minimum income tax rate is 10% while the maximum income tax rate is 37%, similar to tax year 2023. Some states with lower taxes for retirees can have higher housing and transportation costs, canceling out any tax benefit.

Learn which states offer the most tax benefits for retirees, such as no income tax, low property tax, and no estate tax. Choosing a state with no income tax can significantly boost your financial freedom in retirement.