AARP State Tax Guides: What You'll Pay in 2024

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Article Publication Date: 
2/29/2024
Summary: 
AARP's tax guides offer valuable insight into the diverse tax policies across states, aiding individuals in understanding their tax obligations and potential breaks. They detail variations such as graduated income tax levels or flat rates, differing sales tax rates, and some states exempting certain taxes altogether. While most states do not tax Social Security benefits, exceptions exist. Estate and inheritance taxes also fluctuate significantly among states, as do taxes on gas, lottery winnings, and alcohol. Many states provide tax breaks for older adults, ranging from income or property tax breaks to exemptions for retired military personnel.
Article Author: 
Lannan, Maura Kelly
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Short URL: http://www.advancingstates.org/node/75758