What is the best state to retire in if you are getting a large pension from the State of California?

Question

What are the states that do not charge federal/ state tax on retirement income or social sercurity?

Answer 1

The states that do not charge state income tax are Alaska, Nevada, South Dakota, Washington, Texas, Wyoming, and Florida.
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Some states that give State retirement income tax breaks, click on the link below:

http://www.bankrate.com/brm/itax/news/20051107b1.asp?caret=22

State Tax Breaks for Retirees


State Tax-favorable provision
Arkansas: Up to $6,000 in pension income is exempt.
Colorado:Taxpayers 55 through 64 years old can exclude up to $20,000 ($24,000 for taxpayers 65 and over) in pension and annuity income.
Delaware:Taxpayers under 60 may deduct pension amounts of up to $2,000 and those 60 or over, up to $12,500. Eligible amounts for taxpayers 60 or over include retirement income (dividends, capital gains realization, interest and rental income).
Georgia: Taxpayers 62 or older may exclude up to $15,000 of retirement income (earned income limited to $4,000).
Hawaii: Distributions derived from employer contributions to pensions and profit-sharing plans are exempt.
Illinois: Income from federally qualified retirement plans and IRAs, as well as payments from businesses to retired partners, is excluded.
Iowa: Married taxpayers filing joint returns may exclude up to $12,000 (half that for unmarried taxpayers) of retirement benefits.
Kentucky:Inflation-adjusted amounts of IRA and pension distributions are exempt. The 2004 exemption amount was $40,200.
Louisiana:Up to $6,000 of pension and annuity income, of taxpayers 65 and over, is exempt.
Maryland:Up to $20,700 in pension income (except income from IRAs, SEPs or Keoghs) is excludable for taxpayers age 65 and over.
Michigan:Up to $38,550 in pension income is deductible on a single return ($77,100 on a joint return).
Montana:$3,600 of pension income is exempt for filers with income up to $30,000. For income in excess of that, the $3,600 exemption amount is reduced. Disabled retirees may be able to exclude income up to $5,200.
New Jersey:Taxpayers 62 or older may exclude up to $20,000 of pension income or IRA withdrawals if they are married and filing jointly ($10,000 if married and filing separately). The exclusion is $15,000 for a single taxpayer.
New York: Exempts distributions from all government (federal, state and local) pensions, as well as Social Security and Tier 1 railroad retirement benefits. In addition, for taxpayers 59½ and older, $20,000 of private pension income also is exempt.
Ohio: Taxpayers 65 and over may claim a credit for lump-sum distributions from retirement, pension or profit-sharing plans equaling $50 multiplied by the expected remaining life years. Also, recipients of retirement benefits may claim a credit ranging from $25 to $200, depending on the amount of benefit received during the year.
Oklahoma:$7,500 of retirement income from private pensions is exempt for taxpayers 65 and over who have adjusted gross income of $37,500 or less as a single taxpayer ($75,000 or less for married filers). In 2006, the exemption will increase to $10,000.
Oregon: Taxpayers 62 and over may claim a credit for pension income from public or qualified private pension benefit plans in the amount of the lesser of 9 percent of the individual's net pension income or the individual's Oregon personal income tax liability.
Pennsylvania: Pension income is not taxed.
South Carolina: Taxpayers receiving retirement income may deduct up to $3,000. Taxpayers 65 and older may deduct up to $10,000.
Utah: For taxpayers under 65, up to $4,800 in retirement benefits from pensions, annuities and Social Security is exempt, increasing to $7,500 for those 65 and older. The exemption amount is reduced (50 cents for each $1 of adjusted gross income over a certain limit) and the limits are set according to filing status: $32,000 for married taxpayers filing joint returns; $16,000 for married taxpayers filing separate returns and $25,000 for individual taxpayers.

Answer 2

many of the claims reported right here seem to be from the Meg Whitman for governor marketing campaign (who lost) and maximum develop into proved deceptive or fake with the help of information study newshounds and different sources. The state has been led with the help of Republican conservative Arnold Schwarzenegger between 2003 and 2011. you ought to understand who and what celebration you ought to be attacking. The union isn't the priority, even Schwarzenegger suggested that. that's the recession and a sales concern (because of the housing give way). Schwarzenegger even proposed a sequence of tax will strengthen (with the help of a republican little doubt) which did no longer bypass. For the record, the recent governor Jerry Brown is likewise offering a vote to take care of a few non everlasting tax will strengthen. The declare on the retired workers can basically prepare if the worker starts artwork at around 8 years previous and does no longer retire until he's sixty seven. It develop into shown fake years in the past. The legislature is a sham, there is end bickering on the two aspects and not something gets achieved. that's between the main significant problems with the state. The unemployment isn't 14%, that's 11.7% and dropping. It has larger than the elementary gas expenses even nevertheless that's under no circumstances the optimal, California is an oil producing state. Obama has extra advantageous than doubled and virtually tripled the border patrol at our borders, in case you like in charge somebody, blame George W Bush who certainly decreased the quantity on the Mexican border. z

Answer 3

PA doesn't tax pensions or social security. Winters can be nasty, though, especially if you're not used to them.

Answer 4

not south carolina