Vermont S0308 amends state tax law to exclude military retirement income from taxable income for all taxpayers.
Vermont S0308 modifies state tax law to exclude U.S. military retirement income and survivor benefit income from taxable income for all taxpayers, regardless of their federal adjusted gross income. Previously, only taxpayers with a federal adjusted gross income below $125,000 could exclude this income. The new law removes income-based eligibility requirements, effective retroactively from January 1, 2026.
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