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Ed Johnson
Ed Johnson, Tax Preparer
Category: Tax
Satisfied Customers: 10760
Experience:  GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
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I have retired after 32 years in the navy. What will my La ...

Customer Question

I have retired after 32 years in the navy. What will my La tax rate be without additional income?
Submitted: 8 years ago.
Category: Tax
Expert:  Ed Johnson replied 8 years ago.

Dear padre,

By La do you mean los angeles or louisiana?

Customer: replied 8 years ago.
Reply to Ed Johnson's Post: I have? Louisiana
Expert:  Ed Johnson replied 8 years ago.

Dear Padre,

Louisiana taxes military related pay as exempt.

Retirement Income Taxes: Social Security, military, civil service, state/local government pensions are exempt. For qualified private pensions a person age 65 and older can receive a tax exemption of up to $6,000. If married and filing jointly, and each person has a private pension income, then up to $12,000 can be exempt. Out-of-state government pensions qualify for the private pension/retirement exemption.
Retired Military Pay: Not taxed.
Military Disability Retired Pay:
Disability Portion - Length of Service Pay; Member on September 24, 1975 - No tax; Not Member on September 24, 1975 - Taxed, unless combat incurred. Retired Pay - Based solely on disability: Member on September 24, 1975 - No tax; Not Member on September 24, 1975 - Taxed, unless all pay based on disability and disability resulted from armed conflict, extra-hazardous service, simulated war, or an instrumentality of war.
VA Disability Dependency and Indemnity Compensation: Not subject to federal or state taxes
Military SBP/SSBP/RCSBP/RSFPP: Generally subject to state taxes for those states with income tax. Check with state department of revenue office