Best Retirement Annuity At What Rate Is Military Retirement Annuity/Pay Taxed?
At what rate is Military Retirement Annuity/Pay taxed? - best retirement annuity
Is my pension or military retirement pay taxes at the same rate as ordinary income, or is there a special tax for pensions?
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2 comments:
Yes, it is taxed as ordinary income. No Social Security taxes on insurance only taxes on income.
Some states allow an exemption for retirement income, military or otherwise. Check with your tax authorities of the State on the treatment status of your payment miles retirees.
Yes, it is taxed as ordinary income. No Social Security taxes on insurance only taxes on income.
Some states allow an exemption for retirement income, military or otherwise. Check with your tax authorities of the State on the treatment status of your payment miles retirees.
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