12 States That Won't Tax Your Retirement Income

“You've worked hard all your life, and now you're retired (or will retire soon). Unfortunately, there's a pretty good chance that Uncle Sam is going to take a cut of your 401(k), traditional IRA or pension income. But what about your state? Will it take a bite out of your retirement income, too?

Most states tax at least a portion of retirement income (not counting Social Security benefits). Your state might offer some tax breaks, but those breaks usually have limitations based on your age and/or income. A few states, however, completely exempt the most common types of retirement income—401(k)s, IRAs and pensions—from taxation.” Click here are for 12 states where you don’t have to pay tax on any of your 405(k), IRA or pension income.

Source: Kiplinger
7-minute read.