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Curious where the most tax-friendly states are in the American East?
Hoping to retire to the East Coast and need to know where youll pay less?
GOBankingRates has culled a bevy ofstate-based tax information.
Anyone meeting that criteria does not pay taxes on Social Security income.
Additionally, Delaware makes available a deduction of up to $12,500 on retirement savings or pension income.
If a taxpayer has retirement income of less than $65,000, they pay no taxes at all.
The state offers a homestead credit, though, thats worth taking advantage of.
North Carolina
North Carolina does not tax Social Security income and offers a few other exceptions.
Rhode Island
Unlike most states in the union, Rhode Island taxes Social Security benefits.
Elsewhere, the state does not taxSocial Security benefits.
Virginia
Virginia is a state that does not tax Social Security income whatsoever.
There is also a homestead exemption of $20,000 on the assessed value of a taxpayers property.
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