Do I have to pay tax on my military retirement pay?
Military retirement pay based on age or length of service is taxable
income in the tax year received and should be reported on your tax
return. However, if you elect to take a reduced payment from your
military retirement pay in order to provide an annuity
for your spouse or child upon your death you should only pay tax on the reduced
payment on your tax return.
Related tax
information about military retirement pay
IRS publications about military retirement pay: For further tax information about military retirement pay
see IRS Publication 17,Your Federal Income Tax. Please read this IMPORTANT
Editor's Note regarding navigating IRS publications with Adobe
Acrobat
Reader.
IRS publications can also be ordered by calling 1-800-829-3676.
Customer Support
Still have IRS or tax
questions?
To view the alphabetical Master Index
of all tax and IRS topics click
here.
Ask
Julian Block your IRS and tax questions!
If
you can't find the answer to your IRS or tax question in our
web you can call former IRS Special Agent and one of the country's foremost
tax attorneys, nationally syndicated columnist ("The Tax
Adviser") Julian Block.
Julian is also the tax Editor of Mutual
Funds Magazine, America's premier investment magazine.
Prepare your IRS tax return
and State tax return online - If
you'd like to e-file and/or print your IRS tax return or State
tax return online click
here.
For further information regarding IRS
rules and regulations and your particular tax or IRS situation you should
consult with a Certified Public Accountant, Enrolled Agent, Attorney, or
other tax advisor.
Please review our Terms of Use.