Josh Scandlen Podcast

If you live in one of the nine states in the US with no income tax you are free to skip this section.  However, you may want to read on for a couple reasons: If they incorporate an income tax at some point in your state.  (I’m looking at you Washington state!) You move to a state that has an income tax. For instance you move 50 miles south from Chattanooga to Georgia.   The rest of us will be faced with potentially paying income taxes on our IRA distributions.  Now, be advised, many states have income deductions and exemptions for retirees that working stiffs don’t get. So, even if the state has an income tax, you still may not pay any. Take Georgia for instance.  If you’re over 64 years old, you pay NO tax on your Social Security income and you pay no tax on the first $65k of retirement income distributions, per person.  Essentially, even though there is a rather high state income tax, Georgia retirees can have a lot of income before they pay any state tax.  However, no