It's True: These 13 States Don't Tax Retirement Income

Let's face it. Whether you're working or retired, paying income taxes can be a drag. Although we each have a civic duty to help fund the government we benefit from, most consumers would typically like to minimize the amount.Well, there's good news for current and future retirees: A handful of states don't tax any retirement income at all. Now, you shouldn't simply move to one of these states as means of lowering your tax bill. It wouldn't be wrong, however, to at least consider this perk when making your bigger-picture life plans.As of this year, nine U.S. states don't collect income tax on retirees' income simply because these states don't impose income tax on anyone. Other forms of revenue (like sales tax and property tax) suffice as a source of funding for them. These nine income-tax-free states include:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool