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  2. The Best (and Worst) States for Military Retirees - AOL

    www.aol.com/news/best-worst-states-military...

    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 ...

  3. 13 states that don’t tax your retirement income - AOL

    www.aol.com/finance/13-states-don-t-tax...

    The tax on interest and dividends is set to be repealed in 2025. Washington does have a capital gains tax, though there are exemptions and deductions that may eliminate or lower the amount that is ...

  4. States That Don’t Tax Military Retirement in 2024 - AOL

    www.aol.com/states-don-t-tax-military-211818336.html

    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 ...

  5. Military retirement (United States) - Wikipedia

    en.wikipedia.org/wiki/Military_retirement...

    Mounting costs led Congress to pursue reforms to the military retirement system during the 1980s. Under the National Defense Authorization Act of 1981, the military moved from calculating retirement benefits based on the "final pay," or base pay on the final day of active service, to the "High-3" system. [9]

  6. States That Eliminated Income Tax on Military Retirement - AOL

    www.aol.com/states-eliminated-income-tax...

    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 ...

  7. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...

  8. United States military pay - Wikipedia

    en.wikipedia.org/wiki/United_States_military_pay

    The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.

  9. How all 50 states tax retirement income: A comprehensive list ...

    www.aol.com/finance/states-that-tax-retirement...

    Residents of Wisconsin pay between 3.50% and 7.65% state income tax on their retirement benefits. If your AGI is less than $30,000 for joint filers or $15,000 for all other filers, you can deduct ...

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