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Originally Posted by hpgent
I heard that North Carolina does not tax Federal Pensions? Is this true? If anyone has examples on how much can be saved or how much is taxed please help. I am also a Disabled Veteran what are the taxes like for state city town home ownership for a DAV. again any info is appreciated. I am from the north east where everything is taxed in abundance. Thanks
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It's true! There was an NC Supreme court ruling called the "Bailey Decision" that exempts Federal pensions as well as NC pensions! My property taxes are a fraction of what I paid for a little Cape Cod in Paterson! Car insurance is a bargain as well! I'm not sure about any DAV tax abatements tho'.
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