fbpx

ideal-LIVING
Retirement Blog

Tax Friendly States

Fall_TaxImageFind Your Ideal Living Location in The Most Tax Friendly States

Planning your retirement is an important life decision. After all, you have worked hard for it, so you want to make the most of the opportunity. Deciding on all the personal preferences you want in your retired life comes first—golf courses, fitness centers, the beach—but once that is figured out it is time to move on to the less thrilling, but equally important side of things. Money. You want to make sure you are getting the most for your dollars, so moving to a state with lower taxes or states with no retirement income tax at all is something to look into.

Benefits of Tax Friendly States

Alaska is the only state without state income tax or sales tax. As appealing as that sounds, most retirees are not looking to move to a place with true winters. Instead, they are looking to move to a place that is warmer, with less intimidating winters. Despite the attractive tax offer in Alaska, other states are becoming more tax friendly and are changing tax rates and exemptions to attract “amenity migrants.” Texas and Florida take the lead tax-wise as states with no retirement income tax at all, and Tennessee follows closely, only taxing dividend and interest income. Both Georgia and North Carolina have made significant changes to their taxes recently, angling their tax benefits to attract more retirees who want to live in tax friendly states. Most states specifically exempt Social Security and pensions from taxes, which is an attractive feature for retirees who receive a bulk of their income through those means. Below is a table offering a quick look at several most friendly tax states and how they compare to each other tax-wise.

State Income Tax Sales Tax Social Security
North Carolina 6-7.75% 4.75% Exempt
Florida None 6% Exempt
Georgia 1-6% 4% Exempt
Tennessee None (only dividends and interest) 7% Exempt
Texas None 6.25% Exempt
South Carolina 3-7% 6% Exempt
Virginia 2-5.75% (Statewide local rate of 1%) 4% Exempt
Delaware 2.2-6.75% None Exempt

Communities from Tax Friendly States Will Be at Upcoming Expo

The majority of the states listed above are warm weather states, which is a big factor in deciding where to retire. People want warm weather. But based on their income tax, these states are also favorable when it comes down to your money, and how much of it you will have in order to enjoy your new living environment. However, this is just a small sample of information on tax friendly states. At the ideal-LIVING Resort and Retirement Expo, there will be 8, tax friendly states present (NC, VA, DE, GA, SC, TN, MD, FL), ready to answer your tax questions more in depth. But it is not just tax information at the Expo. It is an in depth look the places you are considering retiring to, and the communities within. It is an experience you do not want to miss out on when seeking out where to retire!

(Source: Kiplinger.com)


Request information from these Tax-Friendly Communities

Your Information Request for your selected properties



By submitting this form, you agree to allow ideal-LIVING.com to provide your contact information to the selected communities.
Palmas Del Sol East - Active 55+ Resort

Palmas Del Sol East - Active 55+ Resort

Apache Junction, Arizona

Luxury and affordability come together at Palmas Del Sol East. From the best in social and recreational activities to an impressive selection of quality manufactured homes from the $30s.
Read More...

AZ


Albemarle Plantation - North Carolina Gated Communities

Albemarle Plantation - North Carolina Gated Communities

Hertford , North Carolina

On the North Carolina's Inner Banks is a golf and marina community with a lifestyle like no other! Perched between historic Edenton and Elizabeth City, NC, it's an easy drive to any major city along the coast going north or south. With easy access to Tidewater Virginia and the Outer Banks of North Carolina, you will experience small town charm and big city culture at its finest.
Read More...

NC


Tidewater by Del Webb

Tidewater by Del Webb

Estero, Florida

The 55+ active adult community of Tidewater by Del Webb, perfectly situated in Estero, offers award-winning amenities and extraordinary lifestyle. Experience for yourself the two-story, coastal inspired clubhouse, with elegant community gathering room, state-of-the-art fitness center, group fitness studio, several activity rooms, 2nd floor balcony and catering kitchen. The famous Del Webb active adult lifestyle awaits at Tidewater.
Read More...

FL


K. Hovnanian's® Four Seasons at Orlando

K. Hovnanian's® Four Seasons at Orlando

Kissimmee, Florida

Four Seasons at Orlando is a 55+ community in Kissimmee, Florida. This active adult community is situated within the 600-acre Mystic Dunes Resort & Golf Club, offering a championship golf course, recreation, and an array of amenities and activities. Planned amenities include a 12,000-square-foot clubhouse with swimming pool, fitness center, a card room, arts & crafts room, a cafe and more.
Read More...

FL


Eastman Community Association

Eastman Community Association

Grantham, New Hampshire

This 3,600 acre lakeside community is tucked in the Upper Connecticut River Valley in the Dartmouth-Lake Sunapee Region. Two hours north of Boston and minutes from Lake Sunapee, New London, Lebanon and Hanover, residents have easy access to medical facilities, employment, educational opportunities and a multitude of cultural venues.
Read More...

NH


Compass Premier Realty Ambergris Caye

Compass Premier Realty Ambergris Caye

San Pedro, Belize

Excellent retiree program - buyers are eligible for tax benefits, including exemptions on retirement income. Ambergris Caye is the number 1 tourist and retirement destination in Belize and one of the top retirement destinations in all of the Caribbean and Central America . We have seen a constant increase in tourism to the country.
Read More...

BLZ


The Isles of Collier Preserve - Florida Gated Communities

The Isles of Collier Preserve - Florida Gated Communities

Naples, Florida

Nestled within a pristine natural setting just minutes from downtown Naples and the vibrant 5th Avenue shopping and dining district, Florida's preeminent homebuilder is creating a colorful update of classic coastal living. Inspired by the timeless architecture and traditions of Old Naples, elegant new Minto homes will overlook miles of scenic kayak and biking trails.
Read More...

FL


Callawassie Island - South Carolina Gated Communities

Callawassie Island - South Carolina Gated Communities

Callawassie Island, South Carolina

Callawassie Island is centrally located two miles off of Highway 170 between historic Beaufort, South Carolina and the nationally known resort of Hilton Head Island.
Read More...

SC


Summerhouse on Everett Bay - North Carolina Coastal Community

Summerhouse on Everett Bay - North Carolina Coastal Community

Holly Ridge, North Carolina

A New Season Has Begun at Summerhouse. Imagine a warm, welcoming home where luxury meets coastal casual and the ocean is just beyond your front door. A community where you can go kayaking on the Intracoastal Waterway in the morning, relax by the resort-style clubhouse pool with friends in the afternoon, and check your crab pots for dinner at sunset! All this with the seaside village of Surf City and Historic Wilmington, NC nearby.
Read More...

NC


Cresswind Charleston

Cresswind Charleston

Summerville, South Carolina

Cresswind Charleston brings the award-winning Cresswind active adult lifestyle to the Charleston area. This gated community is integrated within the thriving community of The Ponds while maintaining its own privacy. Cresswind features a full list of resort-style amenities, all located within a natural, Lowcountry setting. Residents can take a short walk to the 12,000-square-foot clubhouse, enjoy pickleball and tennis or participate in activities at the event lawn and amphitheater.
Read More...

SC


Villages of Citrus Hills - Florida Gated Communities

Villages of Citrus Hills - Florida Gated Communities

Hernando, Florida

Terra Vista is among Florida's most amenity rich country club lifestyles set in unique surroundings characterized by rolling hills and towering oaks.
Read More...

FL


Jasper Highlands - Tennessee Gated Communities

Jasper Highlands - Tennessee Gated Communities

Kimball, Tennessee

Welcome to Jasper Highlands, a unique residential mountain community, nestled along the bluffs of Jasper Mountain in Tennessee. This remarkable piece of residential real estate is positioned above the clouds with majestic views of Lake Nickajack and the Tennessee River Valley, with property taxes starting at $162.10 a year!.
Read More...

TN


The Retreat at Barbers Hill

The Retreat at Barbers Hill

Mont Belvieu, Texas

The Retreat at Barbers Hill will be known as the place where resort-style amenities will merge with everyday living for those 62 and better. There will be no lack of amenities in our spacious one and two bedroom homes for rent. Residents will have the option of choosing from apartment homes with elevator access or one-story cottages with attached garages.
Read More...

TX


Carolina Gardens by Del Webb

Carolina Gardens by Del Webb

Fuquay-Varina, North Carolina

Closeby to Raleigh, NC, lies Fuquay-Varina's premier active adult community offering an unmatched lifestyle and amenities. Amenities include a 25,000 sq ft amenity center and social hub with an indoor and outdoor pool, fitness center, multi-purpose rooms, billiards, tennis courts, pickleball and a dog park. At Del Webb, you will enjoy having a lifestyle director to set up clubs, social outings and fitness classes.
Read More...

NC


Waterways - Best Places to Live in Georgia

Waterways - Best Places to Live in Georgia

Richmond Hill, Georgia

Waterways is a 2,300-acre master-planned community located just 30 minutes from historic Savannah, Georgia, in charming Richmond Hill. Surrounded by a 1,600 acre nature preserve, this is a place where six-and-a-half miles of marsh frontage, over four miles of winding lagoons, and more than a thousand acres of ancient oak hammocks embrace our new homes and homesites.
Read More...

GA


Lennar at the Beach

Lennar at the Beach

Millsboro, Delaware

The coastal resort regions of southeastern Delaware and Maryland's eastern shore are known for their natural beauty, spectacular parks, bays, rivers and renowned Atlantic beaches. And with its proximity to Philadelphia, Baltimore and Washington, DC and tax friendly environment, the area make's it an appealing retirement choice.
Read More...

DE


K. Hovnanian's® Four Seasons at Belle Terre

K. Hovnanian's® Four Seasons at Belle Terre

Lewes, Delaware

Located in Lewes, DE,. Four Seasons at Belle Terre is a 55 Plus active lifestyle community featuring low-maintenance single family homes. Residents will enjoy a 6,000 sq. ft. clubhouse with outdoor pool, as well as a state-of-the-art fitness center, billiards room, game room, lounge and aerobics room. Step outside to enjoy an extensive trail system, fire pit, outdoor kitchen, pickle ball and bocce courts.
Read More...

DE


WindRiver

WindRiver

Lenoir City, Tennessee

WindRiver on Tellico Lake in Lenoir City, Tennessee is a gated lakefront and golf course community with a private harbor and marina and featuring acre-plus waterfront properties, custom homes, and golf villas.
Read More...

TN


Del Webb eTown

Del Webb eTown

Jacksonville, Florida

Active Adult Community in Jacksonville FL is Del Webb eTown. Explore this Builder and 55+ community in sunny beautiful Florida! Brand new master-planned community now selling!
Read More...

FL


Ocean Ridge Plantation

Ocean Ridge Plantation

Sunset Beach, North Carolina

Ocean Ridge Plantation is one of the most exclusive and luxurious beach and golf communities in coastal North Carolina. Ideally situated in Sunset Beach between the historic port city of Wilmington, NC, and the Grand Strand of Myrtle Beach, SC, Ocean Ridge offers luxurious appointments, world-class amenities, and 72 holes of award-winning golf.
Read More...

NC


Colleton River Club

Colleton River Club

Bluffton, South Carolina

Lowcountry luxury lies at the base of Hilton Head's bridge at Colleton River. This peninsula community delivers on its promise of world-class golf, pristine natural surroundings, and an unparalleled water experience. With nature as the centerpiece, Colleton River's 1,500 acres epitomize Lowcountry serenity, with Spanish moss draped Live oaks and palmetto trees lining roadways. Trails wind through a blend of beautiful homes, natural terrain and 7 miles of expansive water and marsh views. The peninsula is also anchored by adjoining Victoria Bluff, an 1,100-acre nature preserve
Read More...

SC


Mount Vintage

Mount Vintage

North Augusta, South Carolina

Mount Vintage is a well-established 2,000 acre private community conveniently located just a few miles from Augusta, GA and Aiken, SC. Carefully planned to enhance the natural beauty and tranquility of this setting...it is truly one of a kind.
Read More...

SC


Fairfield Bay - Arkansas Lake Resort Community

Fairfield Bay - Arkansas Lake Resort Community

Fairfield Bay, Arkansas

Lake Resort Community Fairfield Bay Arkansas. Enjoy the Lake Resort and Ozark Mountains in AR. This stunning natural playground loaded with Amenities is an outdoor lovers paradise. Take in the amazing mountain views.
Read More...

AR


Amelia National Golf & Country Club - Florida Gated Golf Communities

Amelia National Golf & Country Club - Florida Gated Golf Communities

Fernandina Beach, Florida

Tom Fazio golf and country club affords golfing, tennis, resort-style swimming pool, snack-bar, lounge and fine dining, gym, walking trails and 24-hour manned and gated guardhouse. Three miles from Amelia Island, close to beaches, historic-district and marina.
Read More...

FL


The Landings on Kentucky Lake

The Landings on Kentucky Lake

Clifton, Tennessee

This is a phenomenal price for property on one of the most significant lakes in Tennessee (Kentucky Lake/Tennessee River). The property located on gorgeous stretch of the lake with nice homes and expansive water. Boat and RV storage are included in the price. You won't find a better buying opportunity.
Read More...

TN


Briarwood - Active 55+ Resort

Briarwood - Active 55+ Resort

Port Orange, Florida

Step into this active 55 plus community just minutes from the beach in Port Orange, Florida and be amazed at how affordable a resort lifestyle can be! You will discover friendly people, luxury amenities and homes for sale and rent.
Read More...

FL


Lucero Golf & Country Club

Lucero Golf & Country Club

Chiriqui, Panama

Also known as a Paradise in the Sky, Lucero is the perfect property to retire and to find a second home. You can choose from our Duplex Villas, our Townhome, our a condo, each of them will be designed by paying attention to detail and according to your preferences. With us you will find a place to disconnect from the world and get lost in nature.
Read More...

PAN


Haig Point Club

Haig Point Club

Daufuskie Island, South Carolina

Haig Point is on a sea island and the lifestyle here is very special. It has the serenity and seclusion of a most idyllic, sea island life. But extraordinary privacy isn't the only thing you'll enjoy at Haig Point on Daufuskie Island
Read More...

SC


Cresswind at Victoria Gardens

Cresswind at Victoria Gardens

DeLand, Florida

Discover the distinct difference in active living, nestled within the scenic beauty of historic DeLand, Florida at Cresswind at Victoria Gardens. Cresswind at Victoria Gardens is the natural choice in a master planned community, tucked away from the hustle and bustle, yet centrally located with all the amenities to enjoy, near great shopping, dining, and entertainment. DeLand is home to one of the top Main Streets in America.
Read More...

FL


Osprey Cove - Georgia Private Communities

Osprey Cove - Georgia Private Communities

Saint Marys, Georgia

Located just 21 minutes from Jacksonville, FL International airport, and just a 90 minute drive to Savannah, GA and St. Augustine, Osprey Cove is a constant recipient in the "Top 100 places to Retire." Kiplinger rated Georgia as the #3 in the Top 10 Tax Friendly states for Retirees. This plush coastal community boasts 665 homes. Home buyers in search of an active lifestyle are finding the right fit at Osprey Cove with private golf, tennis, boating and fishing available year round.
Read More...

GA