Maybe you're on the verge of retirement from the military. Perhaps you've already retired and are looking to understand your financial situation a little better. Regardless, you're wondering: is military retirement pay tax exempt? That's a complex question with a complex answer. As such, we're going to answer it in detail below, helping you understand just what your tax … [Read more...] about Is Military Retirement Pay Tax Exempt?
Military Retirement Pay Will Now Be Tax Free in These 5 States
Thanks to new laws that were passed, military retirement pay will now be tax free in five more states. Over 100,000 military retirees will benefit from the new laws and see extra money in their pockets. TRENDING: Congress Gives U.S. Veterans a Generous Mortgage Relief Program - Confirm Eligibility in 60 Seconds with Quick Quiz Here are the five states that decided to … [Read more...] about Military Retirement Pay Will Now Be Tax Free in These 5 States
Military Retirees and Disabled Vets to Get Record Pay Raise in 2022
Starting in 2022, military retirees and disabled vets are due to get the largest increase in their monthly checks since 1983. Many will see their monthly checks jump by hundreds of dollars. The COLA (Cost of Living Adjustment) will soon be determined by the government, and all the data is pointing to an increase of at least 6% compared to 2021. TRENDING: Veterans Given … [Read more...] about Military Retirees and Disabled Vets to Get Record Pay Raise in 2022