Friday, March 4, 2022

This State Just Eliminated Taxes on Retirement Income

Retiree holding stack of $100 bills
Anton Mukhin / Shutterstock.com

Starting next year, retirees in Iowa will begin to enjoy fatter wallets and slimmer tax obligations. The Hawkeye State just passed a law that will eliminate income tax on all retirement income. Workers also will see their taxes fall under the legislation. Between now and 2026, the state’s individual income tax rate will fall to a flat 3.9%, meaning all residents with taxable income will pay that...



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