With tax season only months away, military service members and veterans can ring in the new year knowing a handful of states cut their income taxes in 2023, though some of those changes won’t take effect right away.
The reductions include cuts benefiting younger retirees in Maryland and Virginia; new exemptions including all active-duty and reservist pay in Indiana; and up to half of the military retirement pay of new Montanans.
Changes to states’ taxes on military income signed into law by their respective governors in 2023 include:
Don’t let the Mooron take credit for this – it was started by Larry Hogan years ago.
Until they get to taxing ZERO military retirement income, it is too much!
Believe it ONLY if & when I see it !!!
Don’t Hold Your Breath !!!