Clear Money Guide
What this state guide covers
A quick view of the questions, practical details and source notes below.
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2026 edition · statute-cited · part of Clear Money Guide’s 51-state retirement tax series. This guide covers state taxes on retirement income and estate transfers; property and sales taxes vary by county and are outside its scope.
Updated July 24, 2026. Quick answer: Wyoming taxes no income of any kind — Social Security, pensions, 401(k) and IRA withdrawals all untaxed — and levies no estate or inheritance tax. Two probate facts complete the picture, one great and one worth planning around: the small-estate limit doubled to $400,000 on July 1, 2025 (SF0104), among the most generous in the nation — but estates above it face statutory percentage fees for both the personal representative and the attorney, each on the same schedule.
Inherited an IRA? What the state’s own documents say about taxing those withdrawals: Wyoming tax on inherited IRA withdrawals.
Hold a 403(b) or 457(b)? What the state’s own documents say about taxing those withdrawals: does Wyoming tax 403(b) and 457(b) withdrawals.
Married, or planning for a spouse’s death? Whether the state is a community property state, from its own statutes: Is Wyoming a community property state?.
Withdrawing from an IRA or 401(k)? Whether the state withholds tax from it, from its own documents: Wyoming tax withholding on IRA and 401(k) withdrawals.
Selling your home? How the state taxes the profit, from its own tax documents: Does Wyoming tax the profit from selling your home?.
For a pension earned elsewhere or paid after you move: does Wyoming tax out-of-state pensions.
Taking money out of your TSP? How the state taxes it, from its own tax documents: Does Wyoming tax TSP withdrawals?.
For trust income specifically: does Wyoming tax trust income.
For dividends and interest specifically: does Wyoming tax dividends and interest.
Contributing to an HSA? How the state taxes it, from its own tax documents: Does Wyoming tax HSA contributions?.
For annuity payments specifically: does Wyoming tax annuity income.
Planning for what you leave behind? The state’s estate tax answer, from its own tax documents: Does Wyoming have an estate tax?.
For military retired pay: does Wyoming tax military retirement.
Saving for a child’s college? The state’s 529 break has its own page: Wyoming 529 plan tax deduction.
For 401(k) and IRA withdrawals specifically: does Wyoming tax 401(k) and IRA withdrawals.
For the sale of stocks, funds or real estate: does Wyoming tax capital gains.
Before the tax question, the Wyoming Retirement System payout options and refund rules: Wyoming Retirement System decisions.
More on Wyoming: Intestate Succession in Wyoming and Wyoming LLC Annual Report.
Related state retirement tax guides: Does Wyoming Tax Roth Conversions? 2026.
How Wyoming taxes retirement income
| Income tax | None |
| Social Security | Not taxed |
| Pension / 401(k) / IRA | Not taxed |
| Estate / inheritance tax | None |
The $400,000 affidavit (SF0104 — the 2025 change most guides missed)
Effective July 1, 2025, Wyoming’s 2025 SF0104 (Enrolled Act 85) doubled the small-estate ceiling from $200,000 to $400,000: estates under the line can use distribution by affidavit (Wyo. Stat. §2-1-201) or summary procedures and skip formal probate entirely — a threshold that now covers a large share of Wyoming estates outright. Guides still quoting $200,000 are a year stale.
Above the line: a double fee schedule
Formal Wyoming probate carries statutory percentage fees for the personal representative and the estate’s attorney — each computed on the same schedule (PR: Wyo. Stat. §2-7-803; attorney: §2-7-804): 10% of the first $1,000; 5% of the next $4,000; 3% of the next $15,000; 2% above $20,000, plus court-allowed extraordinary fees (parties may negotiate less). Worked example — $600,000 probate estate: about $12,350 per role, roughly $24,700 combined — on an estate that owed Wyoming no tax at all. The planning takeaway mirrors Nevada and California: keep the estate under the affidavit line or out of probate via trust and beneficiary designations, and the fee schedule never applies. Context: probate cost by state · small-estate limits by state.
Is Wyoming a good state to retire in for taxes?
Among the very best: nothing on income, nothing at death, a $400,000 affidavit lane that lets most families skip probate, and low property taxes by Western standards (outside this guide’s scope). The single caution is the double fee schedule on larger unplanned estates — avoidable with elementary planning. For a retiree ranking the no-income-tax states on the full lifecycle — income, death, and settlement — Wyoming’s 2025 affidavit change quietly moved it toward the top of the list.
Wyoming vs. common alternatives
| State | Social Security | Pension / 401(k) / IRA | Estate tax | Inheritance tax |
|---|---|---|---|---|
| Wyoming | Not taxed | Not taxed (no income tax) | None | None |
| Montana | Taxed to the federally taxable extent | Fully taxable; $5,660 subtraction at 65+ (TY2025, indexed) | None | None |
| Colorado | Not taxed at 65+; 55–64 AGI-tested | $20,000 (55–64) / $24,000 (65+) subtraction caps | None | None |
| South Dakota | Not taxed | Not taxed (no income tax) | None | None |
Comparison rows summarize general rules; see our 51-state retirement tax table for statute-cited detail.
Considering a Roth conversion? The converted amount is taxed as ordinary income in the year you convert, and Wyoming may treat it differently from the retirement income above — see how all 51 jurisdictions tax Roth conversions.
Finding a financial advisor in Wyoming
Per the SEC’s July 2026 Investment Adviser roster, Wyoming has 25 SEC-registered advisory firms (#46 nationally) managing $43.6 billion (#45 by AUM). Full breakdown: Wyoming advisor statistics. Reviewing fee structures: fee-drag calculator.
What probate costs in Wyoming
Wyoming is one of only seven jurisdictions that publish an actual statutory percentage schedule, so the probate fee can be computed exactly rather than estimated. Its small-estate route of $400,000 can reach real property under the statutory cap — unusual, and worth confirming against the property’s value. Full detail with the governing statute, the court filing fee and the threshold: Wyoming probate cost. To price a specific estate, use the probate cost calculator.
Cite or share this guide
Suggested citation: Clear Money Guide, “Wyoming Retirement Taxes (2026 edition),” statute-cited; clearmoneyguide.com/wyoming-retirement-taxes/. Free to cite with attribution and a link. Data verified July 23–24, 2026 against state statutes, session laws, and revenue-department guidance.
Figures verified against SF0104 (Enrolled Act 85, 2025), Wyo. Stat. §§2-7-803 and 2-7-804 and 2-1-201 (Wyoming Legislature title 2 compilation), the Wyoming court system small-estates page and the Montana 2025 Form 2 instructions on September 30, 2026; the no-income-tax and no-estate-tax statements, the South Dakota comparison row, the Colorado row (checked only against the b44 Colorado review), the claim that seven jurisdictions publish a statutory fee schedule and the SEC adviser roster figures were not re-checked.
Primary sources
- https://taxfoundation.org/data/all/state/estate-inheritance-taxes/
- https://law.justia.com/codes/wyoming/title-2/chapter-7/article-8/section-2-7-804/
- https://codes.findlaw.com/wy/title-2-wills-decedents-estates-and-probate-code/wy-st-sect-2-7-803/
- https://www.wyoleg.gov/2025/Enroll/SF0104.pdf
- https://www.wyocourts.gov/legal-help-by-topic/small-estates-summary-distribution/