9 states have no state income tax. When you live more than half of the year in one of these 9 states, you can reduce your total income tax exposure by as much as 25% by eliminating a state tax. As your approach retirement, you may find it to be a prime opportunity to consider tax-free states as a place to call home.
Tax law changes often. This is general information, not advice for your specific situation. Talk with us before you act on it.