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Is Colorado Tax Friendly for Retirees? A Comprehensive Guide

According to SmartAsset, Colorado is considered a tax-friendly state for retirees, though the picture is complex. The state offers generous income tax deductions on retirement income and features some of the lowest property taxes in the U.S., but it also has a relatively high combined sales tax. A closer look is required to determine if Colorado is truly tax friendly for retirees based on your specific financial situation.