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.
South Carolina was listed in Kiplingerâs 2011 10 tax-friendly states for retirees with one exception: âsales taxes can be highâ¦â in addition to the statewide rate, ââ¦counties can levy an additional 2% [but] prescription drugs are exempt.â. Amazon.com owns and operates a fulfillment center in South Carolina.