5 States That Don’t Tax Retirement Pension Payouts

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This article takes a look at the 5 states that don’t tax retirement pension payouts. If you wish to check out our detailed analysis on navigating retirement taxes, you may go to 15 States That Don’t Tax Retirement Pension Payouts.

5. Florida

Insider Monkey Score: 16

Cost of Living Index: 100.7  

Tax Friendliness: Very Tax-Friendly

The state of Florida doesn’t tax pensions. In fact, all sorts of retirement income are untaxed in the state. This is because the state doesn’t have an income tax at all, a major reason why retirees are attracted to the Sunshine State besides its inviting climate. The cost of living is also quite favorable and is only 0.7% higher than the national average.

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