These states have no income tax

There are seven U.S. states with no income tax, while another two states have no income tax on wages but do tax interest and dividends -- an important consideration for retirees. The grass isn't always greener on the other side of the state line, though. These states still need money for government services, and they raise it through other means, namely sales taxes, property taxes, and other fees. Depending on your situation and your willingness to move, with some planning you could start paying less in taxes and keeping more of your income. Read on to find out more. 

States with no income tax:

• Alaska

• Florida

• Nevada

• South Dakota

• Texas

• Washington

• Wyoming

States with nearly no income tax:

• Tennessee

• New Hampshire

DYI Comments:  Everyone's situation is different but if you are planning on making a move you may want to investigate these States as a possibility.

DYI