Vermont named ‘Least Tax-Friendly State for Retirees’ by Kiplinger.com

first_imgNevada Delaware South Dakota Connecticut Vermont Business Magazine Kiplinger’s has released its annual ranking of the most and least tax-friendly states for retirees, with Vermont coming in as the “Least” among all 50 states. The list was unveiled as part of Kiplinger’s Retiree Tax Map—available at kiplinger.com/links/retireetaxmap(link is external)—which offers an easy-to-use visual guide that compares taxes on income (including Social Security benefits, pensions and other forms of retirement income), property, everyday purchases, and, ultimately, your estate. The guide also reveals special senior tax breaks across all 50 states.“What many people don’t realize is that where you retire can be just as important—or, in some ways, even more important—than what you have when you retire,” said Sandra Block, Senior Associate Editor at Kiplinger’s Personal Finance. “Retirees and near-retirees can use Kiplinger’s 2015 Retiree Tax Map to explore their options and determine which locations would be the best fit for them, taking into account their personal finances, needs and lifestyle.The 10 Most Tax-FriendlyStates for Retirees:Alaska Wyoming Nebraska Louisiana Mississippi Minnesota Arizonacenter_img FloridaThe 10 Least Tax-FriendlyStates for Retirees:Vermont Georgia Oregon Montana California New Jersey Rhode Island New York The Retiree Tax Map is a sister project to Kiplinger’s annual Tax Map—which presents each state’s income taxes, sales taxes, gas taxes, “sin” taxes (for products such as alcohol and tobacco) and other tax types, rules and exemptions. The 2015 Tax Map(link is external) launched in September.The 2015 Retiree Tax Map(link is external) features comprehensive retiree tax profiles of each state, a list of the 10 most tax-friendly states for retirees(link is external) and a list of the 10 least tax-friendly states for retirees(link is external), as well as additional roundups including states with no sales tax(link is external), states that don’t tax Social Security(link is external), states that tax Social Security(link is external) and states with estate and/or inheritance taxes(link is external).For more information or to request an interview, please contact Jacob Streiter at [email protected](link sends e-mail) or 646-695-7047.About Kiplinger For nine decades, the Kiplinger organization has led the way in personal finance and business forecasting. Founded in 1920 by W.M. Kiplinger, the company developed one of the nation’s first successful newsletters in modern times. The Kiplinger Letter, launched in 1923, remains the longest continuously published newsletter in the United States. In 1947, Kiplinger created the nation’s first personal finance magazine. Kiplinger.com is the fastest growing Web site in the personal finance space. Located in the heart of our nation’s capital, the Kiplinger editors remain dedicated to delivering sound, unbiased advice for your family and your business in clear, concise language. Become a fan of Kiplinger on Facebook(link is external) or Kiplinger.com(link is external) and follow Kiplinger on Tumblr(link is external), Twitter(link is external) and LinkedIn(link is external).last_img

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