If passed, the Service Members Tax Relief Act would eliminate federal income tax on all active-duty and reserve pay, as well as military bonuses.
If you’re a Veteran, you may want to think twice about where you choose to retire. You can’t avoid paying federal tax on your military retirement pay since the IRS taxes that income as a pension. But ...
A history-making Social Security cost-of-living adjustment (COLA) in 2026 will lift nominal-dollar retired-worker checks well ...