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Have You Discovered Tax-Friendly Delaware?
For retirees who want to remain in the northeastern U.S., Delaware offers an affordable cost of living—especially in comparison to nearby states. Living at our 55 and over community, you’ll enjoy shopping with no sales tax, low property taxes and so much more. Move now and start saving at the best place to retire in Delaware!
No inheritance tax
Delaware does not impose a tax on the assets inherited from a deceased person.
Social Security benefits not taxed
There is no Delaware tax on social security benefits for state residents.
No state or local sales tax
There is no sales tax in Delaware, which means no in-state purchases are subject to tax.
No personal property tax
Delaware also does not have any personal property tax.
Low property taxes
There may be county-level real estate property taxes, but they’re very low compared to other states.
Income excluded from tax
While the amount of your pension and 401K income that is taxable for federal purposes is also taxable in Delaware, if you are 60 years of age or older, you are are entitled to a pension exclusion of up to $12,500 or the amount of the pension and eligible retirement income.