Amends Delaware tax code to exclude certain military pensions from taxable income.
Delaware SB219 amends Title 30 of the Delaware Code to modify the exclusion of military pensions from taxable income. The bill specifies the amounts of pensions that can be excluded from federal adjusted gross income, varying by age and source of the pension. For individuals under age 60, the exclusion is up to $2,000 from employers or the state, and up to $12,500 from the United States. For those age 60 and older, the exclusion is up to $12,500 from employers or the state, or as eligible retirement income, and up to $25,000 from the United States.
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