Which state tax rate do i pay? where i earned it or where i moved?
Wendy: Good Question - but not one that I can answer as I don't know the tax codes of all our states. I think you'd have to specifically look at the state you are moving to and from.
However, I do remember one retiree who moved from Michigan (no tax on public pensions) to Arizona. They had no idea, until they filed their taxes, that they'd pay AZ taxes on that MI pension.
Another retiree moved to Canada, and back, after she discovered the taxes due on income from the U.S. were pretty heavy.
Good question without a specific answer -- but a great reminder for folks considering moves to another state -- check out the taxes!
Thanks!
Comments for Retirement income in one state, and move to an other state
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