Ads
related to: taxes on military retirement pay
Search results
Results from the WOW.Com Content Network
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 ...
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 ...
Veteran's pension. A veteran's pension or "wartime pension" is a pension for veterans of the United States Armed Forces, who served in the military but did not qualify for military retired pay from the Armed Forces. It was established by the United States Congress and given to veterans who meet the eligibility requirements.
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.
The federal Tax Court has noted that there is no law which excludes military retired pay from income, and ruled in 2012 that the purpose of the USFSPA is not to address the tax treatment of military benefits, but rather to permit Federal, State, and certain other courts to consider military retired pay when fixing property rights between ...
Ads
related to: taxes on military retirement pay