![]() Are other forms of retirement income taxable in Arizona? You may incur taxes at the federal level, however. The state of Arizona does not tax Social Security retirement benefits. The average effective property tax rate is 0.51%. Distributions from retirement savings accounts like a 401(k) or IRA are taxed as regular income, while income from a pension is eligible for a deduction.Īrizona’s average state and local sales tax rate is 8.4%. However, other types of retirement income are taxed, either partially or fully. states, it does not tax Social Security retirement benefits. Is Arizona tax-friendly for retirees?Īrizona is moderately tax-friendly for retirees. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. Property taxes in Arizona won't break the bank, but sales taxes can hit a bit harder.Ī financial advisor can help you plan for retirement and other financial goals. Social Security is not taxed at the state level in Arizona but other forms of retirement income, including distributions from retirement savings accounts, are. When it comes to taxes, it turns out the Grand Canyon state is a good but not great choice for retirees. and many of the amenities and attractions that appeal to seniors. It has as much sunshine as any state in the U.S. Married Filing Jointly and Head of Household increase from $27,808 to $55,615 at 2.59%,Īnd increase from $166,843 to $333,684 at 4.50% the highest tax bracket.Arizona Retirement Taxes Photo credit: ©/omersukrugoksuĪrizona is a popular destination for seniors who want to relocate upon retirement. Notice, however, the Arizona income tax brackets for
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