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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.
Doesn’t tax military retirement income. More From GOBankingRates. 4 Low-Risk Ways To Build Your Savings in 2025. 5 2025 SUVs the Middle Class Should Consider Buying.
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 ...
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.
Of the 16 that do tax military retirement pay, eleven of them only tax a portion of these benefits. The five remaining states, which fully tax your military retirement income, are California ...
Continue reading → The post These Five States Just Eliminated Income Tax on Military Retirement appeared first on SmartAsset Blog. Serving in the military is a hard job, with many service ...