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12 States That Won’t Touch Your Pension, 401(k), or Social Security

July 28, 2023 · By Retirees in USA Editorial Team · RETIREMENT INCOME
A couple laughing on a sunlit patio with drinks, enjoying Florida's climate.
A happy couple laughs while reviewing their retirement savings on a tablet in the warm Florida sun.

Florida

Florida’s retiree-friendly tax laws complement its sunny beaches, rich landscapes, and year-round mild temperature. Many retirees flock to Florida because of its bright stance on retirement income taxes.

The state’s generous retirement income policy and other tax breaks may improve a retiree’s net income. Florida doesn’t tax estates or inheritances, so retirees may pass on their wealth to their heirs. The state’s sales tax is 6% but doesn’t charge food or medication, two major retiree expenses.

Retirees should regard Florida’s taxes like any other state. The state’s absence of income tax is a huge benefit, but retirees should consider property taxes. Florida’s property tax rates vary by county and are typical for the U.S. Property taxes may increase the cost of living depending on where one lives in the state.

Florida’s tax benefits attract retirees. State retirement income tax policy and other tax perks boost living standards. Before retiring in Florida, always with a financial counselor to understand the tax situation.

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23 comments on “12 States That Won’t Touch Your Pension, 401(k), or Social Security”

  1. Doug says:
    September 25, 2026 at 4:16 pm

    There is ambiguous language in the bill that they passed for the “Millionaire’s Tax” that lets them tax pensions, which they will do, guaranteed. The wording is vague enough to allow them to also start taxing Social Security benefits. Stay away from Washington State unless you want to end up destitute.

    Reply
  2. Walt1 says:
    September 21, 2026 at 6:53 pm

    Good article. Let’s see the government eliminate the federal income tax on capital gains on residential homes. Currently, we pay capital gains tax as a single person on any gain over $250,000 and, as a married couple filing jointly, on any gain over $500,000.

    This would help many Americans!

    Reply
  3. Walt1 says:
    September 21, 2026 at 6:47 pm

    Good article. I only wish the next no tax is on the capital gain of your principal (residential) home. Let’s do away with the $250,000 tax exemption if single and $500,000 if married filing jointly tax exemption and make it a 0% capital gains tax. Inflation is the key culprit in the appreciation of property values and also creates increased costs for all products and services.

    Reply
  4. Lori says:
    September 12, 2026 at 4:25 am

    Lou Masko, I’m a florida native, and it is entirely untrue that you don’t pay property taxes after 25 years

    Reply
  5. Lori says:
    September 12, 2026 at 4:21 am

    You forgot the state of Washington. We don’t have a state income tax for people who earn less than $1 million a year

    Reply
  6. george reed says:
    September 12, 2026 at 4:03 am

    attention imbeciles! Duh, the article is titled “12 States That Won’t Touch Your Pension, 401(k), or Social Security” that means they don’t tax those 3 forms of income…what it doesn’t mean is that you get out of paying property taxes, flood insurance, home insurance, etc…Jesus, how f____n’ stupid can you be!

    Reply
  7. Holly Wood-Derenia says:
    September 12, 2026 at 1:25 am

    How come you only showed Alabama show the other states too

    Reply
  8. Katrina says:
    July 27, 2026 at 1:56 pm

    I’ve been in my Florida home for 34 years and I’m now 63. I’ve never heard of what you are saying about not paying property taxes after 25 years and being 65. Is this something new ?

    Reply
  9. ellen Select title criswell says:
    June 29, 2026 at 9:10 am

    you still pay property taxes if you own your home over 25 years. I am 77 and have lived in my home 26 years and pay over 3000 a year in taxes. Get your facts straight.

    Reply
  10. Tom Ford says:
    June 26, 2026 at 12:25 pm

    Thats what I would expect coming from a wanta B USCG sailor. Puddle Jumper DC 2nd class. 😆 🤣 😂 😹

    Reply
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