Tax-Friendly Places 2007

See how much you'll play in income, sales and property taxes around the country.

Source: CCH Inc.
Relief for retirees
Sometimes getting a tax break has nothing to do with your shopping habits, income or location. In fact, half of the states in the country offer a tax break to individuals who are at, or near, retirement age.

And those benefits can vary widely, according to CCH Inc.'s John Logan.

In Iowa, for example, individuals 55 years of age or older get an income tax break. Married taxpayers filing jointly qualify for a $12,000 exemption, while single individuals can get a similar tax break for half that amount.

Illinois taxpayers, on the other hand, are exempt from paying state income taxes on any income from a pension or a 401(k), which can provide a big savings boost to those in retirement.
Tax friendly states Tax friendly cities Income tax Sales tax Retiree breaks Property tax - states Property tax - counties State rankings City rankings
5 slam-dunk uses for your refund Tax refunds are up this year, topping $2,500 on average. How will you use yours? (more)
5 tax audit red flags A guide to what the IRS looks out for on returns. (more)
10 tax blunders that can cost you Plenty of Americans bungle their return every year and pay extra in penalties as a result. Here's how you avoid making those same mistakes. (more)

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.