Retiring in South Dakota

Every figure below is sourced to South Dakota’s own publications and dated. Estimates only, and not tax advice.

South Dakota at a glance

South Dakota has no state income tax, so none of your retirement income — 401(k) and IRA withdrawals, pensions, or Social Security — is taxed at the state level. Federal tax is a separate matter these pages do not model.

  • South Dakota is one of the states with no individual income tax of any kind -- no wage tax, no interest-and-dividends tax, and no standalone capital gains tax.
  • The Department of Revenue's own individual-taxes page lists the taxes an individual actually encounters here: sales and use tax, property tax, motor fuel excise, cigarette and tobacco excise, and alcohol taxes. No income tax return, rate schedule, filing threshold, or withholding table exists.
  • South Dakota also eliminated its inheritance tax in 2001 and imposes no estate tax.