Expert guides about financial in Texas from Brevy Care.
Texas does not tax any of your retirement income. The state has no personal income tax, so Social Security, pensions, IRA withdrawals, and 401(k) distributions all escape state tax.
A Texas homeowner 65 or older can cap the school property taxes on their home, and if money gets tight, defer their property taxes entirely.
Senior care in Texas runs from about $5,627/month for a semi-private nursing home room to about $7,604/month for a private one, based on 2025 median costs.