After separating from the Service, you may experience changes in your tax status, including the loss of certain military-specific deductions and benefits. Your income may shift, affecting your tax bracket, and you might no longer be eligible for tax exclusions related to combat pay. Additionally, if you receive a pension or other retirement benefits, this income may be taxable, impacting your overall tax liability. It's advisable to consult a tax professional to understand the implications specific to your situation.
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