Compared with retirees in many other states, retired Houstonians have one less headache to contend with when tax season arrives: State income taxes. Our state’s lack of income taxes, along with Houston’s warm weather and generally low cost of living, contribute to its desirability as a retirement hotspot, suggests a recent Forbes study. It placed four Texas cities on its list of top retirement destinations.
Check out our infographic below to see how retirement benefits, tax breaks and incentives affect area retirees.
Please note that Allstate Life Insurance Company or its agents and representatives cannot give legal or tax advice. The brief discussion of taxes on this page may not be complete or current. The laws and regulations are complex and subject to change. For complete details consult your attorney or tax advisor.