Not affiliated with The United States Office of Personnel Management or any government agency

Not affiliated with The United States Office of Personnel Management or any government agency

TSP and FERS are important parts of your retirement

Tax-Free Veterans: Proposed Georgia Bill

[vc_row][vc_column width=”2/3″ el_class=”section section1″][vc_column_text]In the state of Georgia, a new bill has been proposed, and if it passes, retirement income for military veterans could go untaxed in the state. The House Bill 7 that was sponsored by Bill Hitchens, Shaw Blackman, Jesse Petrea among others, proposed that the veterans’ retirement income that they get as a benefit from their service in the military should no longer be subject to state income tax.

Two veterans said that the bill if passed would give them a sense of relief as every bit of the income counts. Sgt Tracy Burkholder, the current commander of veterans of foreign wars, post 658 and Sgt Bruce Knowles, are both retired from the army.

They are both still working as they cannot depend or live off from their military retirement income. The proposed bill by the Georgia house representatives if passed would scrap off tax from veterans’ retirement income in the state of Georgia.

Both Burkholder and Knowles said they would be really glad to have any money thrown back at them. In addition, they also said that if the bill is to be passed, it will offer them a much needed and most welcomed relief. Burkholder said that having a tax-free income will make such an impactful difference as he will be able to make comfortable monthly pay of his light bill and still have something left for food.

It will be a great gesture for military veterans seeing as they offer such phenomenal service to the nation. And hopefully, Georgia will break ground for other states to follow in the same direction.[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_single_image image=”36049″ img_size=”292×285″ style=”vc_box_shadow”][/vc_column][/vc_row]

Search for Public Sector Retirement Expert.

Receive the Best advice.

PSR Experts can help you determine if Public Sector Retirement is right for you or if you should look for alternatives.

The Best Advice creates
the best results.

Recent Articles

TRICARE Has Limits—What Civilian Military Employees Must Know Before They Retire

Key Takeaways TRICARE does not apply to civilian military employees. If you're a civilian working for a military branch, your...

The Special Retirement Supplement for FERS Employees: Why It’s a Game-Changer for Retirees

Key Takeaways The Special Retirement Supplement (SRS) bridges the income gap for FERS employees retiring before Social Security eligibility.SRS is...

Your Retirement Isn’t Fully Planned Until You Have a TSP Withdrawal Strategy

Key Takeaways Without a clearly defined Thrift Savings Plan (TSP) withdrawal strategy, your retirement income may not last as long...

Search For Public Sector Retirement Expert

Receive the Best advice.

PSR Experts can help you determine if
Public Sector Retirement is right for you or if you should
look for alternatives.

The Best Advice creates

the best results.

Subscribe to our Newsletter

"*" indicates required fields

Our Readers Deserve The Best PSHB and USPS Health Benefits Guidance

Licensed insurance agents who understand PSHB, Medicare, and USPS Health Benefits Plan are encouraged to apply for a free listing.

This field is for validation purposes and should be left unchanged.

Book Phone Consultation

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Get In Touch

Stay up to date on the latest information about Public Sector Retirement.

The Best Advice Creates The Best