Taxing military retirement pay is a decision left up to the states. Find out which states don't tax military retirement and what else you should consider before moving to a state that doesn't tax your retirement pay.
Nine states don't tax military retirement pay because they do not have a personal income tax. These states include Alabama, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. However, both New Hampshire and Tennessee do require that tax on dividends and inte...
There are also 29 states that don’t tax military retirement income at all, AARP reported. Those states include Alabama, Arkansas, Connecticut, Hawaii, Idaho, Illinois, Kansas, Louisiana, Maine, Massachusetts, Missouri, New Jersey, North Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, South Ca...
such as what type of income you receive,federal taxes, and which state you live in. Not all states tax retirement income, and some tax some types of income but not others. Even within states, taxes can differ for each type of retirement income. ...
of income you receive. For example, California won’t tax your Social Security benefits, regardless of your AGI. But most other types of retirement income are fair game in the state, includingMilitary benefits. In fact, California is the only U.S. state that fullytaxes military retirement ...
federal and state governments to give military tax benefits. New Jersey Assemblyman Michael Panter recently authored a bill that would exempt income earned by military personnel stationed outside the state for at least six months from the state's gross income tax. In 2006, President George W. ...
Learn where to file state income taxes, even if you're in the military, or earned money in multiple states. TurboTax will calculate how much you owe to the different states where you have earned income.
, tourism, which pays a sizable share of the state’s sales tax, also has enabled florida to remain among the states without a personal income tax –adding a lure as the nation’s leading retirement haven. , the state has 1,197 miles of coastline and a land mass of 53,630 square ...
Mississippi. New Jersey, New York, Ohio, Pennsylvania and Wisconsin do not tax military pensions. Other states limit taxes on military pensions, but have some restrictions: Kentucky, Missouri, North Carolina and Oregon. Arizona, Oklahoma, Idaho and the District of Columbia offer some tax breaks ...