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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

Solivita — Taylor Morrison

Solivita — Taylor Morrison

Kissimmee, Florida

At Solivita, every part of our 4,300 acres, 150,000-square-feet of amazing amenities and fifteen distinctive home designs was imagined and executed solely with you in mind. Boasting over 150,000-square-feet of amenities within this award-winning 55+ community, Solivita in Florida is the perfect place to call home.
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FL


Plantation at Leesburg

Plantation at Leesburg

Leesburg, Florida

Orlando Realty Solutions wants to welcome you to award winning Plantation at Leesburg, which we believe is the premier 55 and up Active Adult community in Central Florida. Plantation at Leesburg is located in the hills of Leesburg. This region of Florida is known for its geological ridge providing hills covered in ancient oak trees, combined with massive lakes nestled in-between small historic towns
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FL


Salters Haven

Salters Haven

Hampstead, North Carolina

Nestled along the sparkling Intracoastal, in the growing coastal town of Hampstead, NC, Salters Haven will be the place for those who seek an active lifestyle on the water. Enjoy a celebration of family, community, recreation on the water and elegant coastal homes here at Salters Haven.
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NC


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.
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SC


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.
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TX


Montesa at Gold Canyon - Arizona Gated Community

Montesa at Gold Canyon - Arizona Gated Community

Gold Canyon, Arizona

Much more than a place to live, Montesa offers a premier style of living, with resort amenities, a stunning natural landscape and Premier Homes. Explore more about this Gated Community near Phoenix.
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AZ


Cypress Falls by Del Webb

Cypress Falls by Del Webb

North Port, Florida

The famous Del Webb active adult lifestyle awaits at Cypress Falls. And with its convenient location, you won't have to go far to enjoy all the top Sarasota area attractions. Experience for yourself the low-maintenance resort-lifestyle complemented by a vibrant array of amenities including the community's social clubhouse with state-of-the-art fitness center, grand ballroom, activity and game rooms, library and more.
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FL


Latitude Margaritaville Hilton Head

Latitude Margaritaville Hilton Head

Hardeeville, South Carolina

Your Latitude! You've earned a life where every day feels like an escape. Find your paradise at Latitude Margaritaville, the 55-and-better lifestyle where fun and relaxation meet. Inspired by the legendary music and lifestyle of singer, songwriter and best-selling author Jimmy Buffett, this is where life rolls easy, neighbors are friends and the party never ends. Awesome recreation, FINtastic dining and entertainment will make the town center the place to be and just a golf cart ride away. Masterfully crafted new Latitude homes let you hang your hat where your heart is.
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SC


Marina Pointe

Marina Pointe

Tampa, Florida

Designed by master developer BTI Partners, Marina Pointe features luxury condominiums and are located in the heart of South Tampa's premier waterfront community. In addition to being just minutes away from the vibrant downtowns of Tampa and St. Petersburg, Marina Pointe residents can also walk to shops, a waterfront restaurant, and bars and cafes in the Westshore Marina District's retail center.
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FL


Del Webb Nocatee

Del Webb Nocatee

Ponte Vedra, Florida

Del Webb Nocatee is a 55+ Active Adult Community in Ponte Vedra FL. Experience the epitome of resort-style living while living near pristine beaches and world-class golf. There is always an activity within reach..
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FL


Compass Pointe - North Carolina Coastal Communities

Compass Pointe - North Carolina Coastal Communities

Leland, North Carolina

Compass Pointe is more than a community. It's a destination. Only 10 minutes from historic downtown Wilmington, NC, and 20 minutes from Wrightsville Beach, it is the very best of coastal North Carolina.
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NC


The Retreat at Ocean Isle Beach

The Retreat at Ocean Isle Beach

Ocean Isle Beach, North Carolina

The Retreat at Ocean Isle Beach is a special community just 1 mile away from the beautiful sand and waves of Ocean Isle Beach. Residents at The Retreat are positioned uniquely within walking distance to the local grocery store, incredible restaurants and quaint shops that make Ocean Isle Beach so desirable. The colorful homes and lush landscape pay homage to the bold and bright colors you'll find lining the oceanfront streets just across the causeway.
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NC


Minto at TwinEagles

Minto at TwinEagles

Naples, Florida

Minto is proud to bring over a half-century of achievement to Naples by introducing magnificent single-family and estate home to the premier country club community of TwinEagles. Priced from the low $500s to over $1 million, these masterfully crafted residences are a sensational value. And that value is even more amazing once you discover that a golf membership is included in the price of every new Minto home!
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FL


Grand Highlands at Bearwallow Mountain - NC Mountain Communities

Grand Highlands at Bearwallow Mountain - NC Mountain Communities

Hendersonville, North Carolina

Unparalleled panoramic views of the Blue Ridge Mountains and pristine forests. This award winning mountain top community is removed without being remote. It is minutes from the conveniences of Hendersonville, NC and the Asheville Airport. Ideal altitude from 3,200 to 3,800 feet to enjoy cool summers without the harsh winters.
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NC


Landfall - North Carolina Premier Gated Communities

Landfall - North Carolina Premier Gated Communities

Wilmington, North Carolina

Located within Wilmington, Landfall is North Carolina's most diverse and historically interesting coastal community. A distinctive property of over 2,000 acres with lakes, ponds and four miles fronting on the Intracoastal Waterway and Howe's Creek, Landfall is only five minutes from Wrightsville Beach and the Atlantic Ocean.
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NC


David Weekley Homes - Victory at Verrado

David Weekley Homes - Victory at Verrado

Buckeye, Arizona

David Weekley Homes has delivered the best in Design, Choice and Service for the past 40 years. As one of the largest privately-held builder, David Weekley Homes continues to build high-quality homes and offer open floor plans that suit the needs of any lifestyle.
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AZ


Retire Tennessee Program Communities - TN Gated Communities

Retire Tennessee Program Communities - TN Gated Communities

Nashville, Tennessee

Tennessee's rolling hills and invigorating mountains invite you to tune up your bicycle, dust off your golf clubs and take a deep breath. The most active years of your life await. Their beautiful climate and stunning scenery set the perfect state for chasing your passions. So come on outside and stretch your legs. Tennessee's got plenty of room to roam.
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TN


Sunrise Village - Active 55+ Resort

Sunrise Village - Active 55+ Resort

Mesa, Arizona

Step into this active 55 plus community in East Mesa and be amazed at how affordable a resort lifestyle can be! You will discover friendly people, luxury amenities and newly remodeled homes from the $30s. Our gated community offers a year-round calendar of social events planned by our Activity Director.
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AZ


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.
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NH


Heritage Shores - Delaware Retirement Communities

Heritage Shores - Delaware Retirement Communities

Bridgeville, Delaware

The homes at Heritage Shores have been designed to maximize your lifestyle by incorporating the latest technologies and floorplans, providing ease of maintenance and energy efficiency.
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DE


Vista at Bill's Mountain - North Carolina Gated Community

Vista at Bill's Mountain - North Carolina Gated Community

Lake Lure, North Carolina

Perfectly shaped since the beginning of time, Bill's Mountain is your chance to experience the picturesque town of Lake Lure. Every contour...every pristine ridge of this Lake Lure property offers incomparable views Western North Carolina. Set just five minutes from Lake Lure's crystal blue waters in Rutherford County, Bill's Mountain's 800 spectacular acres invites you to reconnect with family and friends, nature and the spirit within you.
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NC


Revery Point Condominiums

Revery Point Condominiums

Gallatin, Tennessee

Water's Edge luxury lakefront condominiums are Foxland Harbor's premier lifestyle location situated on a bluff overlooking Old Hickory Lake. Be one of the select few to enjoy lakefront condo living in a Country Club environment with golf, dining, lakefront swimming pool, wellness center and more just outside your front door
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TN


Del Webb Lakewood Ranch

Del Webb Lakewood Ranch

Lakewood Ranch, Florida

Del Webb Lakewood Ranch, located in 2018's 2nd best-selling master-planned community in the U.S., surpasses every expectation for your "Next Great Adventure". Stay healthy, active and socially involved all year long in Lakewood Ranch's only 55+ gated community. The amenities at Del Webb Lakewood Ranch start with its premier location, allowing proximity to fun, golf, renowned beaches and attractions, and extend to the unparalleled lifestyle and Resort Amenity Center.
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FL


The Peninsula on the Indian River Bay - Delaware Gated Communities

The Peninsula on the Indian River Bay - Delaware Gated Communities

Millsboro, Delaware

The Peninsula on the Indian River Bay offers an exquisite collection of homes in vintage coastal architecture. With a Jack Nicklaus Signature Golf Course, unmatched amenities and instant access to Delaware's famous Atlantic beaches, there is simply no place like The Peninsula on the Indian River Bay.
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DE


Port Ludlow

Port Ludlow

Port Ludlow, Washington

Port Ludlow is a resort-style community located on the shores of the Puget Sound, just a 30-minute ferry ride away from Seattle, Washington. Port Ludlow is close enough to the city, but far enough to enjoy an active and tranquil lifestyle. With views of the Olympic Mountains, a bustling social life, waterfront inn, and myriad of recreational amenities, the community has regularly been ranked as one of the top ten neighborhoods in the U.S.
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WA


McLendon Hills

McLendon Hills

West End, North Carolina

McLendon Hills offers premier lake and equestrian living in central North Carolina. This unique, planned community offers 600 acres of rolling hills, scenic ridge-top vistas and Lake Troy Douglas - an 80-acre expansive lake ideal for fishing, swimming, kayaking and canoeing
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NC


TAO Mexico

TAO Mexico

Akumal, Q.R., Mexico

TAO Mexico is one of the premier developers of real estate in the Riviera Maya, with more than 15 residential communities located in Tulum, Playa del Carmen, Akumal, and more. TAO embodies a philosophy of love and care in every community.
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MEX


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.
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FL


Vista at Blacksmith Run

Vista at Blacksmith Run

Hendersonville, North Carolina

Nestled between Historic Hendersonville and Lake Lure's picturesque coves is Vista at Blacksmith Run-an exclusive Western North Carolina mountain property designed for residential development. Blacksmith Run's secluded mountain lifestyle and four season climate turns an ordinary day into an unforgettable experience. With convenient access to all of Western North Carolina's treasures, this quiet mountain gated community was developed for those who appreciate the best that life has to offer.
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NC


Coosaw Point

Coosaw Point

Beaufort, South Carolina

Enjoy the Lowcountry lifestyle in this 400 acre community along the Coosaw River on beautiful Lady's Island in South Carolina. Fall in love! Settle into your very own home by the River. Feel the breeze, breathe in the ocean air, slow down time and know you're home at Coosaw Point.
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SC


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