Content starts here
CLOSE ×
Search
AARP Local
Welcome to

Military Veterans: New Tax Benefit May Await You

Posted on 02/28/23 by The AARP Bulletin

As tax day approaches, AARP Georgia reminds military veterans under 62 that they may be eligible for new tax benefits.

As part of legislation passed in 2022 and affecting income starting that year, those veterans can exclude up to $35,000 of military retirement pay from state taxes.

Under the law, a veteran’s first $17,500 in military retirement pay would be exempt. For veterans still working, an additional $17,500 in military pay can be exempt, if they are making at least that much in their jobs. Since members of the military can retire after 20 years, many work other jobs while receiving military pensions.

More than 90,000 people in Georgia received military retirement pay in 2021, according to the U.S. Department of Defense. You can learn about AARP’s support for veterans at aarp.org/veterans.

This story is provided by AARP Georgia. Visit the AARP Georgia page for more news, events, and programs affecting retirement, health care, and more.

Explore the free AARP HomeFit Guide

AARP Events for Atlanta

View All AARP Events

image of two AARP membership cards
Only $12 your first year with Automatic Renewal
  • Immediate access to your member benefits
  • Discounts on travel and everyday savings
  • Subscription to AARP The Magazine
  • FREE second membership
Join AARP
Already a member? Renew or Print Card

Contact AARP
in Atlanta