Nevada is a very tax-friendly state towards retirees. In fact, you will be hard-pressed to find a better state for retirement based on taxation.
Nevada does not tax individual income
– retirement or otherwise.
Nevada does not tax public pension income.
Nevada does not tax private pension income.
There is no inheritance tax in Nevada.
Nevada does not tax Social Security income.
Nevada does not tax Social Security benefits.
Las Vegas (Clark County) sales tax is 8.25%
There is no state income tax in Nevada
Social Security income is not taxable. Social Security benefits, even those taxed at the federal level, are not taxed in Nevada.
Public pension income is not taxed. Private pension income is not taxed.
Withdrawals from retirement accounts are not taxed. Since Nevada does not have a state income tax, any income from a pension, from a 401(k), from an IRA or from any other retirement account is not taxable.
Nevada gasoline tax is 33.52 cents/gallon
Nevada diesel tax is 28.56 cents/gallon
Nevada Property Tax
Assessed value is equal to 35% of the taxable value. Thus, if the Clark County Assessor determines your home’s taxable value is $100,000, your assessed value will be $35,000. Tax rates apply to that amount.
If you would like to speak to a CPA about how Nevada’s tax code applies
to you personally, please go to our Preferred Partners page and click on
CPA or click this link: Preferred Partner: CPA