Stay updated with breaking news from Jeffrey breiten. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
California Considers Giving Tax Exemption to Military Pensions cpapracticeadvisor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cpapracticeadvisor.com Daily Mail and Mail on Sunday newspapers.
California fully taxes military retirement pay but a new bill would change that to provide tax relief to military retirees. Military retirees residing in California potentially pay more taxes on their military retirement pay than they would in other states. That’s because California is the only U.S. state that fully taxes military pensions. (The District of Columbia does as well.) But proposed legislation would exempt military retirement income from California state income tax — at least for the ....