Top Tax-Friendly States To Retire In
2023 is right around the corner, is it time to move?
President Biden and the Democrats have made inflation soar through the roof and they are working harder than ever to strengthen up the IRS.
Americans who are trying to save as much money as possible have consider moving states to save as much money from taxes as possible.
According to Fox, here are the top 5 tax-friendly states to move to:
1. Alaska – Alaska topped the list for the most tax-friendly state in the country for 2023. Alaska has no state income, Social Security, estate or inheritance taxes. Their sales tax also sits at just 1.76%.
2. Delaware – Delaware doesn’t have a state sales tax or vehicle property tax. What’s even better is that Social Security income is exempt in the state. Additionally, Americans aged 60 plus can exclude up to $12,500 in pension and other retirement income.
3. Wyoming – Americans in Wyoming pay no state income tax, estate tax, or inheritance tax. What’s even better is that median property taxes at 0.61%.
4. Florida – Florida has no estate, inheritance, or state income tax. What’s even better is that they don’t tax Social Security retirement benefits, income from 401(k)s and pensions.
5. New Hampshire – New Hampshire does not take an income tax they also don’t have state or local sales taxes.
