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Arkansas Veteran Financial BenefitsPersonal Property Tax Exemption.Income Tax.Free Tuition for Dependents.Discounted Hunting & Fishing Licenses.Active Duty Hunting & Fishing Licenses.Arkansas State Parks.
In the military, the federal government generally only taxes base pay, and many states waive income taxes. Other military paythings like housing allowances, combat pay or cost-of-living adjustmentsisn't taxed.
Arkansas military retirement pay is exempt from state taxes: Act 141 of Arkansas' 91st General Assembly exempts Military Retired Pay from Arkansas State Income Taxes effective 1 January 2018. The full text of Act 141 can be accessed HERE.
Arkansas is an ideal State for Retiring and Transitioning Military. Tax Benefits: Military Retired Pay is exempt from state income tax, and some veterans are eligible for Homestead and Personal Property Tax Exemption, as well as Gross Receipt of Tax Exemption.
What are my Arkansas Military/ Veteran State Taxes Benefits? Military Pay Exempt from Arkansas State Taxes: Military pay received by members of the U.S. Armed Forces is exempt from Arkansas income tax.
Summary of Arkansas Military and Veterans Benefits: Arkansas offers special benefits for Service members, Veterans and their Families including property tax exemptions, state employment preferences, education and tuition assistance, vehicle tags, as well as hunting and fishing license privileges.
Arkansas Statute 26-3-306 provides tax exemption for homestead and personal property owned by the disabled veteran and, with restrictions, the surviving spouse and minor dependent children for residents of Arkansas.
Military income: Military pay is taxable if stationed in California.
Arkansas military retirement pay is exempt from state taxes: Act 141 of Arkansas' 91st General Assembly exempts Military Retired Pay from Arkansas State Income Taxes effective 1 January 2018.
Benefit Fact SheetMilitary retirement pay based on age or length of service is considered taxable income for Federal income taxes. However, military disability retirement pay and Veterans' benefits, including service-connected disability pension payments, may be partially or fully excluded from taxable income.