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Here are the states that do not tax military retirement pay (but they do have a state income tax for other forms of income): Alabama. Arizona. Arkansas. Connecticut. Hawaii. Illinois. Indiana. Iowa.
2nd Best: Florida. Florida is the best overall state for retirees. It also has 21 military bases, making it pretty easy for veterans to get to a VA hospital when they need medical care, and a slew ...
Illinois charges a flat state income tax of 4.95 percent, but all retirement income is exempt from paying the tax. This includes pension payments as well as distributions from retirement plans ...
Military retirement (United States) Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension, but a retainer payment, as retired service members are eligible to be ...
Veteran's pension. A veteran's pension or "wartime pension" is a pension for veterans of the United States Armed Forces, who served in the military but did not qualify for military retired pay from the Armed Forces. It was established by the United States Congress and given to veterans who meet the eligibility requirements.
Nevertheless, with most state income tax rates ranging anywhere from 4% to 13%, avoiding these income taxes could save you hundreds if not thousands of dollars per year.
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