What States Are The Most Tax Friendly?

If you are considering a move, be it for retirement, job change, being closer to family members or other reasons, you may ask, “Which states’ residents face the lowest tax burdens overall?”

In 2023 a Kiplinger report shows tax rates vary broadly across the country.  This encompasses income taxes, property taxes, and sales and licensing taxes, in addition to taxes on businesses.

Here at 4Rivers our financial advisors consider a number of questions before advising on a move to a new state, including:

Which states have no income tax?

Do all states have an inheritance tax?

Are there states that assess a tax on retirement account distributions?

Whatever your relocation goals are, contact one of our advisors to help address these and other questions.