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Five states imposed income tax on military retirement benefits: California, Montana, Rhode Island, Utah, and Vermont. [ X ] This map shows which states tax military retirement pay.
The following states already do not tax military retirement pay at all: Alabama, Connecticut, Hawaii, Illinois, Iowa, Kansas, Louisiana, Maine, Massachusetts ...
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.
New Mexico taxes retirement income using state income tax rates, which range from 1.7% to 5.9% in 2024. Residents ages 65 and older can claim an $8,000 exemption to offset their tax burdens ...
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 ...
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related to: calculate income taxes by state for military retireesBest Tax Software for Young Adults - Money Under 30