Telephone: +0800 123 4567
+0800 123 4567
 

30. Tennessee

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Average annual benefit: $17,401

In the Volunteer State, 964,035 retirees collected average monthly benefits of $1,450.11. Tennessee does not tax retirement income or benefits. Senior homeowners may find additional relief on the already low property taxes.

Tennessee has one of the highest sales taxes. Groceries are not exempt, taxed at 4%, but prescription drugs are exempt. There are no inheritance or estate taxes. There is a state income tax on interest and dividends.

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