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Here are the states that do not tax military retirement pay (but they do have a state income tax for other forms of income): Alabama. Arizona. Arkansas. Connecticut. Hawaii. Illinois. Indiana. Iowa.
Military veterans in Arizona, Utah, Indiana, Nebraska and North Carolina no longer have to pay income tax on their military retirement benefits, joining a number of other states in not taxing ...
For retired service members, the state you live in … Continue reading → The post States That Do Not Tax Military Retirement appeared first on SmartAsset Blog.
Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension, but a retainer payment, as retired service members are eligible to be reactivated.
Serving in the military is a hard job, with many service members spending long lengths of time away from their family and putting their lives on the line. There are perks that come with service ...
New Hampshire*. South Dakota. Tennessee. Texas. Washington. Wyoming. *While New Hampshire doesn't tax workers' wages, note that it will tax interest and dividend payments in excess of $2,400 per ...
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military ...
The Granite State cracks the top 10 for all three of the key categories making it the best state for military retirees in New England. Not only do veterans enjoy property tax exemptions here, but ...