When a military member is preparing to retire from active duty or from the reserves there are big decisions to make regarding retirement pension and survivor benefits.

Here are the military and veteran pays and allowances you may or may not need to pay taxes on.

New tax proposals aim to ease the burden on seniors by raising deductions for those over 65, offering potential relief from Social Security taxes amid rising costs.

Retirees with income above certain levels must pay federal income tax on a portion of their Social Security benefits.