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Military Service Pensions — Fully Exempt From Tax Year 2023

For tax years beginning 1 January 2023, military service pensions are exempt from state personal income tax — the full amount included in federal AGI is subtracted, with no cap and no age gate. The same pension cannot also be counted toward the separate $20,000 general pension modification.

Verified August 20, 2026

What this benefit is

For tax years beginning 1 January 2023, military service pensions are exempt from state personal income tax — the full amount included in federal AGI is subtracted, with no cap and no age gate. The same pension cannot also be counted toward the separate $20,000 general pension modification.

What it's worth: 100% of military service pension benefits subtracted from federal AGI

  • The saving is your marginal state rate on the amount subtracted, so it depends on your bracket.

Who is entitled to it

  • You receive military retired pay.
  • Your home is in this state.

Not sure whether that describes you?

Answer a few questions about this benefit specifically — we only ask what this one actually depends on, and we stop as soon as we know.

How to claim it

Deadline: With your return
  1. 1Subtract the military service pension benefits included in your federal AGI as a modification — subsection 11 of §44-30-12(c), effective for tax years beginning 1 January 2023.
  2. 2Do not also count the military pension toward the general pension-and-annuity modification (raised to $20,000 per person, $40,000 joint, the same year) — the Division is explicit that income cannot be deducted twice.
  3. 3Both modifications can be claimed in the same year, on different income: the military pension under its own subsection, other retirement income under the general one.
Form
Schedule M modification on the resident return
File with
Division of Taxation, with your annual return
Annual
Claimed once a year.
Worth knowingThe advisory announces the Division's expanded guidance in its Personal Income Tax Guide (PUB 2024-01 carries a Military Service Pension Modification section). Survivor treatment is not stated in the advisory — a survivor drawing SBP should ask the Division whether the modification reaches them before relying on it.

Sources

Why only one source type: The Division's own advisory states the exemption, the effective year, the statute subsection and the anti-double-dip rule in terms; the statute server itself refuses connections.

This finder provides an informational match, not a government eligibility determination. The responsible agency decides your application.