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

Are you interested in maximizing your retirement income by minimizing the amount of income tax you pay on this income each year? If so, you've got options. The state you live in can make a big difference when it tax time arrives. Some states don't impose income tax on the most common forms of retirement income.Here's what you need to know.Just to be clear, while not all states take a piece of your income in retirement for themselves, this only applies to state-based income taxes. You're still subject to federal (IRS) income taxation during retirement, which of course is the greater tax burden of the two. Some -- though certainly not all -- cities and counties will also tax this income.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool