If you receive a Form 1099-INT for interest income on deposits that were frozen at the end of 2014, see Frozen deposits under How To Report Interest Income in chapter 1 of Publication 550, for information about reporting this interest income exclusion on your tax return.
What are the most income tax-friendly states for retirees? That would be the seven states â Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming â that donât tax personal income; and the two states â New Hampshire and Tennessee â that collect income tax only on interest and dividend income.
Thatâs why the states supported mainly by a salesâ tax (such as Florida, Texas, Tennessee, South Dakota, ArizonaâI think I have those right)are doing so much better economically than the states with a very high income tax: New York, California, Massachussets, Connecticut, etcâ¦).