Best State To Retire In 2024 For Tax Purposes In Florida. Some states have taxes that are friendlier to retirees' financial needs than others. 1 spot on wallethub's best and worst states to retire list.

To make the most of living in a state with favorable tax laws for retirement accounts, one must first understand the different types of retirement accounts and their. “florida is the best state for retirees in part due to its lack of estate or inheritance taxes and its low cost for adult day health care and homemaker services,” according to.