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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)


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SaddleBrooke TWO

SaddleBrooke TWO

Tucson, Arizona

Within this stunning Sonoran desert setting just 25 miles north of downtown Tucson, Arizona, you'll find an appealing combination of natural tranquility and vibrant excitement. Your new home will boast spectacular views of the 9,000-foot Santa Catalina mountain range, nearly perfect weather, and an abundance of community amenities, events, groups, and traditions to fill your life with joy and inspiration.
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AZ


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.
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SC


Kingfish Bay - Homes in Coastal NC

Kingfish Bay - Homes in Coastal NC

Calabash, North Carolina

he setting for Kingfish Bay is a sprawling 60+ acres of coastal Carolina. Great care was taken to weave the development design into this natural setting, while creating a functional, convenient, and aesthetically pleasing lifestyle community.
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NC


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.
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FL


Hagood Homes

Hagood Homes

Wilmington, North Carolina

Hagood Homes focus is to create with care & integrity a superior living environment for our customers. We call it Live Better Design. Whether it be a custom design or a neighborhood plan, we design our homes in-house so that Hagood Homes is a part of the process from the start. Homeowners benefit from our constant attention to details, energy efficiency and personalized design services.
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NC


Lakewood Ranch | Best Places to Live in Florida

Lakewood Ranch | Best Places to Live in Florida

Lakewood Ranch, Florida

At Lakewood Ranch, it's all about the good life. Health, family, and fun are the focus. And, there's an activity to fit every lifestyle. The community hosts 54 holes of golf, a country club with two clubhouses, and tennis and athletic centers. Additionally, it's home to the Sarasota Polo Club and seven world-class polo fields. Lake Ranch polo tournaments attract players from around the world. Still, the list continues with a 75-acre premier sports campus, A-rated schools, and a hospital and preventative medical clinic.
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FL


Palmetto Creek of the Carolinas - North Carolina Gated Communities

Palmetto Creek of the Carolinas - North Carolina Gated Communities

Bolivia, North Carolina

Imagine the serenity of a completely nature front community lined with palmetto palms and walking trails created for long walks and naturalist activities. Located just minutes from Southeast North Carolina's beautiful beaches, Palmetto Creek offers nature and wildlife beauty up close
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NC


Las Palmas - Active 55+ Resort

Las Palmas - Active 55+ Resort

Mesa, Arizona

Affordable Active 55+ Resort Living. It's easy to see why so many of our residents feel like they're on vacation all year long. Las Palmas is a world-class resort with year-round activities, luxury amenities and a friendly group of active 55+ adults who enjoy life to the fullest, just like you. Visit our impressive selection of custom-built homes beginning in the $50's. Whether you're looking for the best value in retirement or simply the best place to take life easier, you'll enjoy the lifestyle at Arizona's premiere 55+ resort. Las Palmas is among the award-winning family of Thesman Communities proudly offering affordable resort living since 1980. Gated with 24 hour security. Visit us today, open daily for tours 8-5
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AZ


WindRiver

WindRiver

Lenoir City, Tennessee

WindRiver is a stunning, lakefront and golf community located minutes outside Knoxville, Tennessee on Tellico Lake. Inside our gates, you will find world-class amenities surrounded by sparkling, fresh-water lakes...
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TN


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


Brunswick Forest - A North Carolina Coastal Retirement Community

Brunswick Forest - A North Carolina Coastal Retirement Community

Leland, North Carolina

Brunswick Forest, the Coastal South's fastest growing community, is located on North Carolina's Cape Fear coast, just minutes from historic Wilmington. This 4,500-acre retreat features a wide array of neighborhoods and lifestyles, 18 holes of golf at Cape Fear National, a Clubhouse, River Club, Fitness & Wellness Center, parks and more than 100 miles of walking, biking and nature trails linking residences and amenities.
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NC


Shell Point Retirement Community

Shell Point Retirement Community

Fort Myers, Florida

Shell Point® is an award-winning lifecare retirement resort located along the Caloosahatchee River in Fort Myers, Florida just minutes from Sanibel Island and the Gulf of Mexico. When you retire at Shell Point, you have the comfort of knowing that your needs will be taken care of - both now and in the years to come.
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FL


Headwaters

Headwaters

Dripping Springs, Texas

Located just 25 minutes west of Austin, lies the premiere master-planned community of Headwaters. Dramatic topography, stunning Hill Country views and miles of nature trails with breath-taking vistas are the hallmarks of this exceptional place.
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TX


K. Hovnanian's® Four Seasons at Sun City West

K. Hovnanian's® Four Seasons at Sun City West

Sun City West, Arizona

A new active adult 55+ community in Arizona, Sun City West will offer three designs of single-story homes close to shopping and recreation. Enjoy an amenity-filled, resort-style experience within an easy commute to Phoenix.
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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


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


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.
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DE


Currahee Club

Currahee Club

Toccoa, Georgia

With 1,200 breathtaking acres, Currahee Club offers some of the finest real estate in North Georgia. The master-planned community features golf course, lake, and mountain homes on unique lots shaped by their natural surroundings. Visit us today, and enjoy the lifestyle you deserve...
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GA


Noble's Pond

Noble's Pond

Dover, Delaware

Delaware 55+ Community Situated on 293 acres with wooded areas and natural habitats Low Tax Living - Delaware taxes for retirees are ranked #1 in the NE
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DE


Palmas Del Sol - Active 55+ Resort

Palmas Del Sol - Active 55+ Resort

Mesa, Arizona

Surprise yourself with the affordable luxury at Palmas Del Sol, one of the finest Active 55+ communities in Arizona. Relax in our heated pool, join friends in our multi-million dollar clubhouse, or rejuvenate with a year-round calendar of events planned by our full-time Activities Director.
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AZ


Southern Springs by Del Webb

Southern Springs by Del Webb

Spring Hill, Tennessee

55+ Community Near Nashville TN is Southern Springs by Del Webb this Active Adult just South of Nashville is full of amenities and outdoor and indoor fun!
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TN


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


Lake Tansi Village Resort

Lake Tansi Village Resort

Crossville, Tennessee

Lake Tansi Village is home to around 4,000 residents. Lake Tansi is the largest man-made lake on the beautiful Cumberland Plateau and residents enjoy fishing, swimming, waterskiing, plus the 18-hole championship golf course that is rated in the top 10 courses in Tennessee by Golf Advisor.
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TN


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.
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NC


Celadon

Celadon

Beaufort, South Carolina

Located in SC's Lowcountry, a mere three miles from downtown Beaufort, this beautiful master-planned community allows you to focus on a simpler, happier, healthier life.
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SC


Dataw Island

Dataw Island

Dataw Island, South Carolina

There is a place off the South Carolina coast, near the charming town of Beaufort, where nature and luxury share center stage. Shaped by the Intracoastal Waterway and a rich Southern history, the gated golf community of Dataw Island is a pristine parcel of 870 acres waiting to be discovered.
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SC


Windward at Lakewood Ranch

Windward at Lakewood Ranch

Sarasota, Florida

Windward at Lakewood Ranch is a picturesque community centered around a British West Indies design theme along with colonial Dutch enhancements. Island palm trees, lush landscaping and scenic sunrises are present at Windward. Outdoor enthusiasts will enjoy gathering at the resort-style swimming pool, on pickleball or tennis courts, and walking furry friends at the dog park. Come see all Windward at Lakewood Ranch has to offer!
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FL


Hartness Greenville

Hartness Greenville

Greenville, South Carolina

The community will feature a number of defining amenities including a central park, sidewalks and pedestrian greenways, unique streetscapes, a commercial center with restaurants and shops, a clubhouse with fitness center, a swim complex, tennis and pickleball, a boutique hotel with spa and a 180 acre nature preserve with 15 miles of trails. Come see 450 acres of beauty in Greenville, SC.
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SC


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.
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NC


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