Kiplinger Group Deems Arkansas Retiree-friendly

Arkansas is one the country’s most tax-friendly havens for retirees, according to the Kipler organization.

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Kiplinger’s Web site — www.kiplinger.com — recently launched an interactive map entitled “Retiree Tax Heavens (and Hells)” that indicates the most and least retirement tax-friendly states. Kiplinger specializes in personal finance and business forecasting, and also publishes a monthly newsletter with an emphasis on retirement strategies.

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Kiplinger’s online report touted Arkansas due to its multiple tax exemptions for retirement income, including Social Security, Veterans Administration benefits, Worker’s Compensation, Tier I and Tier 2 Railroad Retirement benefits and unemployment compensation. Military, civil service, state- and local-government and private pensions are exempt up to $6,000.

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The report also notes Arkansas has no inheritance or estate taxes.