![]() Again, you'll need to look up the specific tax laws for your state of permanent residency. Some other states, such as Arkansas, may waive some or all of veteran or military residents' annual vehicle taxes or fees. Some states collect no property taxes, or only partial sums, on veterans' or returning service members' primary residences. Because states differ in how they regard current military income and veterans' benefits, refer to the tax laws in the state where you have permanent residency to understand what income may be excluded from state income tax.Īside from income tax benefits, many states offer additional benefits that are nontaxable. State governments also designate certain types of income as tax-free for military members and veterans, so that these may be left out of gross income calculations. By completely excluding certain income, you can effectively lower the total amount of income tax you owe or increase your refund, and it may also affect the amount of any tax credit you receive. In other words, some of your income is tax-free. government lets you exclude certain types of income from your adjusted gross income calculation on your tax return. These military service-related tax benefits fall into three groups: In return for your service to the country, the federal government and individual states have established tax breaks to lighten your financial load or to ease your return to civilian life. military member or a veteran, you have access to tax benefits that are mostly unavailable to other Americans. ![]() Wouldn't life be grand without taxes? You can't avoid them altogether, but as an active-duty U.S. ![]()
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