Then why would Kiplinger rank Pennsylvania #6 in the 2017 ranking of the 10 most tax-friendly states for retirees?. Withdrawals from retirement accounts are not taxed. Dueling Retirement States: DE vs. VA vs. MD vs. NJ. So for a married couple filing jointly with taxable interest, dividends and capital gains of $150,000, the tax liability in Pennsylvania is $4,605 versus $6,035 in Delaware. The article notes the following reasons for the rating: Social Security income is not taxed. ... Washington, DC to the south, Delaware at the east and, of course, Pennsylvania sharing the longest border at the north. Here’s why this state made the list: If you retire to Delaware, state income taxes allow for an exclusion of $12,500 from retirement income such as IRA’s, pensions, and 401(k) plans. Embed this in your blog Preview. Check out the list to see where Pennsylvania, New Jersey, and Delaware ranked. Let’s take a look at the top four drawbacks of retiring in Delaware. Updated March 28, 2016 (Original article was October 5 – 2010)– This is the second in our extensive series comparing various states and regions as retirement destinations. SmartAsset says Pennsylvania is a tax-friendly state for retirees. Thursday, 03 March 2016 06:13 PM. Delaware actually appears on Kiplinger’s 10 Best States to Protect Your Retirement Nest Egg from Taxes. This tool compares the tax brackets for single individuals in each state. In March, the Garden State ranked sixth on Bankrate's list of top 10 worst states for retirement. 429. Pennsylvania ranked in the middle (26 out of 50) in the Tax Foundation’s 2018 State Tax Climate index.With an average tax burden of 10.2%, Pennsylvania was the 10 th highest in the nation. While Delaware and Pennsylvania appear to be safe options for retirement, don't stay in New Jersey. Delaware vs. Maryland. Public and private pension income are … Living in Maryland vs. Pennsylvania. Shutterstock.com Are you considering moving or earning income in another state? Here are the best and worst states to retire in 2019.
When older Americans think about settling down, affordability, crime and more are all factors.
In March, the Garden State ranked sixth on … Home > Facts > United States > State Comparisons ... About this page: Side-by-side comparison between Delaware and Pennsylvania using the main population, demographic, and social indicators from the United States Census Bureau. RetirementLiving also noted the tax advantages mentioned earlier. Here are the best and worst states to retire in 2019.