Re: OT- Plasant surprise! Taxes on Military retirees

On Sun, 16 Feb 2025, Ed P wrote:

On 2/16/2025 3:57 PM, Carol wrote:

Well, nice surprise!  It may have been in effect last year but I didn't
hear about it?  In 2024 taxes on Virginia military retirees, we get to
omit the first 30,000 of retirement per military retirement in a family
filing jointly.  Don't retiree income is below that so we got to deduct
my 30,000 plus his amount.
 Looks like it was retro-active to first 20,000 in 2023 (or in effect
but not well known?).  That means amended state tax return for 2023 but
lets let the dust settle on this one.
 https://www.tax.virginia.gov/military-benefits-faq

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Nice deal.  FL is even better.  No tax on any income.
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It was fun when I lived in CT and worked in MA as both wanted a cut.
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There are no double taxation agreements? The US takes a cut of my dividends in US companies, but thanks to a double taxation agreement, the home jurisdiction of my company gets no cut, since that would raise the tax above the maximum of 15% for dividends.
My swedish broker deducts no dividend tax at the source. They should do it, so it is a mistake from their side. Instead my home jurisdiction deducts 15% so on the balance, no difference for me.
I find it funny that the systems and laws are so complex that my broker cannot follow them correctly.