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Kiplinger: 10 Most Tax-Friendly States for Retirees

2. Nevada

State Income Tax: None

State Sales Tax: 6.85%

Estate Tax/Inheritance Tax: None/None

Nevada is a good bet for retirees because it shifts much of its tax burden to out-of-state tourists and gamblers. The Silver State has no income tax, so your Social Security benefits, pension, IRA distributions and even income from a part-time job won't be taxed. Property taxes, which are assessed on 35% of a home's appraised value, are reasonable and typically run about $1,050 per year for a $100,000 house. But sales taxes, which can top 8% in some areas, are higher than average. Overall, Nevada has the second-lowest combined state and local tax burden in the nation, according to the Tax Foundation.

(iStock)

More From Kiplinger:
Kiplinger’s State-by-State Guide to Retiree Taxes
10 Things You Must Know About Social Security
12 Smart Year-End Tax Moves for 2012



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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