Senior tax breaks for retirees can enable you to save taxes. While some states are quite tax-friendly, the others may impose hefty taxes on retirees. When you have to live with a fixed income, consider looking for places that are easy with taxes so that you can enjoy your golden years. Here is a round-up of the best states for tax breaks for retirees.

Wyoming
Wyoming is one of the best places for retirees because there is no income tax and the average state tax is just above 5%. There are no inheritance or estate taxes with low state taxes. The average property tax in Wyoming is about $635 for a property that is worth $100,000. Wyoming ensures that seniors get refunds for their property taxes if they meet certain income requirements.

Arizona
Arizona imposes a state income tax that is relatively lower. Moreover, it has a state and local sales tax of 8%. There are no estate or inheritance taxes that are imposed. It doesn’t impose taxes on Social Security benefits as well. In addition, it exempts up to $2,500 of your income from retirement plans. Lastly, some portion of the income from military retirement is exempted, too.

Tennessee
Tennessee does not have an estate tax or inheritance tax. The state exempts taxes from pensions and Social Security benefits as well. Property taxes are not great but they are reasonable. The income tax is only imposed on dividends and interest. Depending on your age, you can be exempt from a certain percentage of tax.

Alabama
There are many senior tax breaks for retirees in Alabama. It exempts Social Security benefits. Moreover, income from military retirement plans, local government, and federal government are exempt. There are no estate and inheritance taxes that you need to pay. However, the state income tax is 5%.

Florida
Florida doesn’t have state income tax, inheritance tax, or estate tax. However, sales taxes are high but it could vary. Property taxes are not as high. Retirees, widows, and widowers can get a homestead exemption.

Nevada
Nevada doesn’t impose an income tax and the average local, and state tax is a little over 8%. There is no estate tax or inheritance tax as well. The property taxes are reasonable when compared to other states, which is another major bonus. However, there are no tax exemptions when it comes to property for seniors. The state has a sales tax of about 6.85%.

Georgia
Georgia provides many senior tax breaks for retirees. It imposes a state income tax of up to 5.75% and has a local and state sales tax of about 7%. Taxes are exempted from Social Security income and retirement income provides some great tax breaks too. For example, people between the ages of 62 and 64 can be exempted from $35,000. Moreover, it has low property taxes too.