Posted on Sep 8, 2022
6 More States Stop Taxing Military Retirement
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EVENING FOR THE VETERAN OF THE VETERAN SHARE OF THE DAY
6 More States Stop Taxing Military Retirement
Planning for your military retirement
7 Sep 2022
Military.com | By Jim Absher
Jim Absher is a Military.com benefits columnist.
In 2022, six more states have joined the ranks of those exempting, or partially exempting, military retirement pay from state income tax liability. The move means that nearly 300,000 more military retirees across the nation are now exempt from state income tax.
This year, legislators in New Mexico, Oklahoma, Rhode Island, South Carolina, Vermont and Virginia passed laws giving retirees in those states tax breaks based on their military service.
Here's how the legislation shapes up:
New Mexico: Beginning in 2022, up to $10,000 of military retirement is tax free. That amount increases to $20,000 in 2023, and to $30,000 until at least 2026, according to a governor’s press release.
Oklahoma: Military retirement income is fully tax free beginning in 2022, according to a state Senate press release.
Rhode Island: Military retirement income is fully tax free beginning in 2022, according to a governor’s press release.
South Carolina: Military retirement income is fully tax free beginning in 2022, according to a state government press release.
Vermont: Beginning in 2022, up to $10,000 in retirement income is tax free for those with a gross income less than $50,000 for single filers or $65,000 for joint filers, according to a state legislature press release.
Virginia: In 2022, up to $10,000 in retirement pay is tax free for retirees 55 and older. That amount increases by $10,000 each year until 2025, when up to $40,000 is deductible, according to a state assembly press release.
This leaves only California and the District of Columbia fully taxing military retirement income.
PO1 William "Chip" Nagel Lt Col Charlie Brown SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT Charlie Lee SGT David A. 'Cowboy' Groth ] Sgt (Join to see) SPC Michael Terrell CPL Douglas Chrysler A1C Medrick "Rick" DeVaney GySgt Jack Wallace SGT Mark Anderson CPL LaForest Gray SFC David Reid, M.S, PHR, SHRM-CP, DTM PV2 Larry Sellnow MSG Darold R. PO2 Marco Monsalve SGT Steve McFarland SrA John Monette
6 More States Stop Taxing Military Retirement
Planning for your military retirement
7 Sep 2022
Military.com | By Jim Absher
Jim Absher is a Military.com benefits columnist.
In 2022, six more states have joined the ranks of those exempting, or partially exempting, military retirement pay from state income tax liability. The move means that nearly 300,000 more military retirees across the nation are now exempt from state income tax.
This year, legislators in New Mexico, Oklahoma, Rhode Island, South Carolina, Vermont and Virginia passed laws giving retirees in those states tax breaks based on their military service.
Here's how the legislation shapes up:
New Mexico: Beginning in 2022, up to $10,000 of military retirement is tax free. That amount increases to $20,000 in 2023, and to $30,000 until at least 2026, according to a governor’s press release.
Oklahoma: Military retirement income is fully tax free beginning in 2022, according to a state Senate press release.
Rhode Island: Military retirement income is fully tax free beginning in 2022, according to a governor’s press release.
South Carolina: Military retirement income is fully tax free beginning in 2022, according to a state government press release.
Vermont: Beginning in 2022, up to $10,000 in retirement income is tax free for those with a gross income less than $50,000 for single filers or $65,000 for joint filers, according to a state legislature press release.
Virginia: In 2022, up to $10,000 in retirement pay is tax free for retirees 55 and older. That amount increases by $10,000 each year until 2025, when up to $40,000 is deductible, according to a state assembly press release.
This leaves only California and the District of Columbia fully taxing military retirement income.
PO1 William "Chip" Nagel Lt Col Charlie Brown SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT Charlie Lee SGT David A. 'Cowboy' Groth ] Sgt (Join to see) SPC Michael Terrell CPL Douglas Chrysler A1C Medrick "Rick" DeVaney GySgt Jack Wallace SGT Mark Anderson CPL LaForest Gray SFC David Reid, M.S, PHR, SHRM-CP, DTM PV2 Larry Sellnow MSG Darold R. PO2 Marco Monsalve SGT Steve McFarland SrA John Monette
6 More States Stop Taxing Military Retirement
Posted from military.comPosted in these groups: 
Retirement
Money
Retirement Money
Edited >1 y ago
Posted >1 y ago
Responses: 4
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Posted earlier. We are down to 2 that don't give any break. California and Washington DC
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SFC Joe S. Davis Jr., MSM, DSL
Lt Col Charlie Brown thanks for the read also, it's always great to get a break from our states. Hopely all the U.S. will come on board soon.
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A1C Medrick "Rick" DeVaney
When The States Started Taxing Our Income, In The Early 60's, We Were All Notified To Go To Personnel And Change Our Home States, To A State Which Didn't Tax Our Incomes........ Worked Like a Charm!!... Nothing To It At All.
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I predict that more states do this. It's good for their economics.
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SFC Joe S. Davis Jr., MSM, DSL
SFC David Reid, M.S, PHR, SHRM-CP, DTM good stuff Brother David, well said and profoundly conveyed-good buddy.
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Good news for retired vets. I guess I never have thought about taxing military retirement income. It's a shame that Calif. and D.C. are still taxing it's military retired vets. But, of course they would because places are money strapped and don't care about there retired vets.
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