Tax reduction for Kansas retirement income and social security proposed
Tax reduction for Kansas retirement income and social security proposed

Tax reduction for Kansas retirement income and social security proposed

Republican Gov. Derek Schmidt announced a “tax-free retirement” plan to cut taxes on retirement income after House GOP management effectively killed similar proposals.

Schmidt said he wants to focus on cultivating Kansas.

“If we want to do that, we can not continue to lose retirees at such a high rate to other, more tax-friendly states,” he said in a statement. “To any retiree who is considering leaving Kansas after a lifetime of working and living here, we want you to stay. To any retiree in another state who wishes to relocate, come to Kansas.”

Kansas currently taxes income from IRAs and 401 (k) schemes, off-state public pensions, and social security benefits. Military, federal governments and public pensions in the state are already exempt.

Schmidt rolled out the policy proposal Wednesday to remove state taxes on all pension income, but the idea is not new.


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