In one case, a 28-year-old who handled weed exhibited sneezing, hives, and swollen eyes afterward â and was later diagnosed with a cannabis allergy. Another case outlined a person who went into anaphylactic shock after consuming hemp seed-encrusted seafood (and a seafood allergy test proved negative).
States exempting a portion of pension income include: Arkansas, Colorado, Delaware, Georgia, Hawaii, Iowa, Kentucky, Louisiana, Maine, Maryland, Michigan, Missouri, Montana, New Jersey, New Mexico, New York, Oklahoma, South Carolina, Virginia and Wisconsin.
(An extra hit: California imposes a 2.5% penalty for those who withdraw from a retirement plan before age 59 1/2âin addition to the 10% federal penalty.). Two states offer no general breaks on retirement income but do offer a break to military retirees. Connecticut excludes 50% of military retirement pay from tax.Starting in 2015, Nebraska will let military retirees choose to either exclude 40% of military retirement income for seven consecutive taxable years or to exclude 15% of that income for all taxable years starting the year they turn age 67.ax planning is a cornerstone of retirement planning. But by focusing on Uncle Sam, many retirees overlook the state-tax bite. States vary across the map on how they tax everything from retirement income to retail purchases.