September 26, 2025
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Tax Planning
North Carolina Tax Policies That Matter, And What You Can Do About Them
June 17, 2025
North Carolina doesn’t tax Social Security or U.S. government pensions, as well as certain state/local pensions, thanks to the Bailey decision. It also offers relief on property taxes and no inheritance tax. However, retirement plan withdrawals and IRAs are still taxed at a flat state rate that’s declining toward 3.99%. This article explains key NC tax rules and what retirees can do to lower their tax load.
Tax Planning
Are You Paying Too Much in Retirement Taxes in North Carolina?
March 21, 2025
North Carolina retirees may be overpaying in taxes. This article examines how the state treats retirement income—from pensions and IRAs to 401(k)s—and outlines steps to reduce your burden. Explore timing withdrawals, optimizing pension choices, claiming exemptions, and leveraging deductions. Use these insights to make smart decisions and hold more of your retirement income.
Tax Planning
The Property Tax Relief North Carolina Retirees Rarely Claim
August 10, 2026
Property tax climbs with home values, not with retirement income. North Carolina runs three relief programs for homeowners 65 and older, for permanently disabled homeowners, and for disabled veterans. One removes value from the bill. One defers the tax with interest. One ignores income entirely. All three run through the same form, and it is due June 1.
Tax Planning
What North Carolina Actually Taxes When You Draw Retirement Income
July 13, 2026
North Carolina doesn't tax Social Security, and many retirees assume that means the state goes easy on retirement income. It doesn't. Most traditional 401(k), 403(b), and IRA withdrawals are taxed at the state's flat rate, while the Bailey exemption, military retirement pay, and qualified Roth withdrawals follow different rules. Knowing the difference shapes your withdrawal order.
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