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South Carolina Doesn't Tax Social Security and Exempts the First $15,000 of a Retiree's 401(k) Withdrawals After 65. North Carolina Taxes Every Dollar of the Same Withdrawal at 3.99%, and the Two States Share a 335-Mile Border

Summary by 24/7 Wall St.
One border crossing separates two very different tax bills on the same 401(k) withdrawal, and the state you assume is friendlier to retirees does not always win.

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24/7 Wall St. broke the news in Lakewood, United States on Tuesday, October 20, 2026.
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