Tuesday, February 7, 2023

Taxes for Retirees in the USA: Which are the Most Retirees-Friendly States?

Tennessee none 9.547% $560 for every $100,000 appraised value of the home none
Idaho – 1% of taxable income up to $1,588 for single filers and up to $3,176 for joint filers.

– 6% of taxable income over $7,939 for single filers and over $15,878 for joint filers.

,The taxable income range mentioned is for 2021, as the figures for 2022 have not yet been made public.

6.02% $492 per $100,000 appraised home value none
Arizona – 2.55% on taxable income up to $28,653 for single filers and up to $57,305 for joint filers.

– 2.98% on taxable income in excess of these amounts for single and joint taxpayers respectively.

8.37% $508 for every $100,000 appraised value of the home. none
DC. 4% on the first $10,000 of taxable income and 10.75% on the first million dollars. 6% $552 for every $100,000 appraised value of the home. inheritance tax
South Carolina 3% (on taxable income from $3,200 to $16,039) to 6.5% (on taxable income over $16,039) 7.44% $518 per $100,000 appraised home value none
Nevada none 8.23% $484 per $100,000 appraised home value none
Wyoming none 5.36% $545 per $100,000 appraised home value none
colorado 4.4% (fixed rate) 7.77% $485 per $100,000 appraised home value none
airy 1.4% (on taxable income up to $2,400 for single filers; up to $4,800 for joint filers) to 11% (on taxable income over $200,000 for single filers; up to $400,000 for joint filers) On). 4.44% $273 for every $100,000 of the home’s assessed value. inheritance tax
Delaware 2.2% (on taxable income up to $5,000 since 2001) to 6.6% (on taxable income over $60,000) 0% $533 per $100,000 appraised home value none
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