Letter to the editor: Consider military pension for state tax break
Published 1:24 pm Tuesday, February 6, 2024
To the editor:
There is a recent NC tax regulation that may affect some military retirees but of which they and some tax preparers may not yet be aware. Effective Jan. 1, 2021, military retirees who settle in North Carolina became exempt from NC state taxes on their military pensions. The exemption became effective after the NC General Assembly approved the bill and it was signed by our governor.
If you meet this criteria, review your state income tax returns for the years 2021 forward to be sure you took this deduction. If you find you did not, you can still file an amended tax return for these years to take advantage of this benefit.
To all of our military members and retirees, thank you for your service.
Gaye Schooler, Mocksville