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KIPLINGER’S HITS AND MISSES OF 2012

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Tax-friendly states for retirees

By Sean Smyth for Boston.com

HIT: Alaska. It’s purely based on the numbers, Bodnar said. The state’s strong economic position allows it to cut some tax rates: one example is homeowners 65 and older getting a break in property taxes.

MISS: Connecticut isn’t extending the welcome mat for retirees, Kiplinger’s said. Social Security benefits are only excluded from state income taxes if your adjusted gross income is less than $50,000 (for couples, it’s $60,000). That’s in addition to the state’s high property taxes, and full taxes on out-of-state government and civil service pensions.

Pictured: A welcome-to-Connecticut on Interstate 91 south at the Massachusetts border.

Associated Press/File 2004

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