Military retirees and disabled veterans will receive 2.8% increases to their monthly paychecks for 2026, thanks to the annual Cost of Living Adjustment, or COLA, tied to inflation. The 2.8% raise for ...
Illinois, Iowa, Mississippi, and Pennsylvania are considered to be the most tax-friendly states for retirees. Thirty-eight states don't tax Social Security income. Thirty-seven states don’t tax most ...
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.