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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 ...
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 ...
Several states don’t tax military retirement pay, while other states treat pension income differently than distributions from retirement plans such as 401(k)s or IRAs.
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.
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 ...
In Utah, military retirement pay and SBP payments are tax-free. The state provides veterans with extra points for state employment tests, as well as tuition waivers for Purple Heart recipients and ...
As long as their military pay is taxable on a federal income tax return, retired service members of the U.S. armed forces who are residents of Connecticut are exempt from paying state income taxes ...
While these states do tax their residents' wages, in most cases they still exclude income from sources like 401(k) accounts, IRAs, pensions, and Social Security benefits from state-level taxation ...