Posts Tagged ‘tax deduction’

State Military Retirement Pay and Pension Tax Benefits

Retirement Pay and Pension Tax Deductions and Exclusions Military Retirement Pay Income Tax Deduction If you receive or the spouse of a military retiree receives military retirement income, you will be able to subtract up to $12,500, with an increase to the first $20,000 for individuals who are at least 55 years old on the  Read More…