Posted on Jan 6, 2023
MyArmyBenefits | Official U.S. Army Military Benefits Website
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FEDERAL/STATE BENEFITS FOR ALL VETERANS SHARE OF THE DAY
KNOW YOUR STATE AND FEDERAL BENEFITS AS AN VETERAN:
GO TO THE TAB-BENEFIT LIBRARY AND CHOOSE YOUR STATE. THIS IS A GAME CHANGER!! ESPECIALLY FOR VA BENEFITS AND TAX BREAKS.
PO1 William "Chip" Nagel SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT Charlie Lee] Sgt (Join to see) LTC Stephen F. SFC David Reid, M.S, PHR, SHRM-CP, DTM PV2 Larry Sellnow SPC Gary C. Amn Dale Preisach SGT Ruben Lozada 1SG Paul Ayotte SSgt (Join to see) CPT Richard Trione SFC Ralph E Kelley COL Randall C. 1SG Patrick Burke PV2 Scott MolletteLt Col Charlie Brown
KNOW YOUR STATE AND FEDERAL BENEFITS AS AN VETERAN:
GO TO THE TAB-BENEFIT LIBRARY AND CHOOSE YOUR STATE. THIS IS A GAME CHANGER!! ESPECIALLY FOR VA BENEFITS AND TAX BREAKS.
PO1 William "Chip" Nagel SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT Charlie Lee] Sgt (Join to see) LTC Stephen F. SFC David Reid, M.S, PHR, SHRM-CP, DTM PV2 Larry Sellnow SPC Gary C. Amn Dale Preisach SGT Ruben Lozada 1SG Paul Ayotte SSgt (Join to see) CPT Richard Trione SFC Ralph E Kelley COL Randall C. 1SG Patrick Burke PV2 Scott MolletteLt Col Charlie Brown
MyArmyBenefits | Official U.S. Army Military Benefits Website
Posted from myarmybenefits.us.army.milPosted in these groups: 
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Posted 2 y ago
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SFC Joe S. Davis Jr., MSM, DSL
Lt Col John (Jack) Christensen good stuff Brother Jack and I got your back for sure.
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Belated thank you my friend and brother-in-Christ SFC Joe S. Davis Jr., MSM, DSL for letting me know about the state and federal benefits for veterans.
Kudos to Governor Glen Younkin for signing the bill which incrementally reduces the amount of retired military pay which is taxable for Virginia
1. Virginia Taxable Income Subtraction for Military Retired Pay: The Virginia State Budget for 2022 has authorized a graduated income subtraction for military retired pay. For the 2022 tax year Veterans age 55 and over who are receiving military retired pay can deduct $10,000 from their Virginia taxable income. This subtraction will increase each year by $10,000 until the 2025 tax year, for a maximum subtraction of $40,000.
• 2022 -$10,000
• 2023 - $20,000
• 2024 - $30,000
• 2025 - $40,000
Two other states I am considering retiring to Pennsylvania and West Virginia do not tax military retired pay.
FYI SSgt David M. PO3 (Join to see) LTC Victor Badami SFC Mark ConnollySP5 Dave (Shotgun) Shockley CPT Thomas Hughes MAJ David Wallace CPL Craig CheltenhamSCPO Charles Thomas "Tom" Canterbury SFC Dr. Joseph Finck, BS, MA, DSS SSgt David M. COL Ken LaPlante Maj Bill Smith, Ph.D. MAJ Dale E. Wilson, Ph.D.
Kudos to Governor Glen Younkin for signing the bill which incrementally reduces the amount of retired military pay which is taxable for Virginia
1. Virginia Taxable Income Subtraction for Military Retired Pay: The Virginia State Budget for 2022 has authorized a graduated income subtraction for military retired pay. For the 2022 tax year Veterans age 55 and over who are receiving military retired pay can deduct $10,000 from their Virginia taxable income. This subtraction will increase each year by $10,000 until the 2025 tax year, for a maximum subtraction of $40,000.
• 2022 -$10,000
• 2023 - $20,000
• 2024 - $30,000
• 2025 - $40,000
Two other states I am considering retiring to Pennsylvania and West Virginia do not tax military retired pay.
FYI SSgt David M. PO3 (Join to see) LTC Victor Badami SFC Mark ConnollySP5 Dave (Shotgun) Shockley CPT Thomas Hughes MAJ David Wallace CPL Craig CheltenhamSCPO Charles Thomas "Tom" Canterbury SFC Dr. Joseph Finck, BS, MA, DSS SSgt David M. COL Ken LaPlante Maj Bill Smith, Ph.D. MAJ Dale E. Wilson, Ph.D.
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