Florida Ranked Tops Among “Best” States For Taxes

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Florida ranked tops among the “most tax friendly” states

We already know it, but here’s a good reminder.

Florida is among the “most tax friendly” states for retirees, according to the August 2014 Kiplinger’s Personal Finance magazine.

The Sunshine State is #4 on the scale, to be exact (only Alaska, Wyoming and Nevada ranked higher).

Says Kiplinger:

“Florida is one of the most tax-friendly states in the country for retirees. There is no state income tax, and permanent residents are eligible for a homestead exemption of up to $50,000. Seniors may qualify for an additional exemption.”

In the same edition, Kiplinger highlighted University of Florida hometown Gainesville as one of the ten-best college towns for retirees looking for an active intellectual scene, a busy cultural life and plenty of team spirit.

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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