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#2094526 - 02/12/24 11:40 AM
MILITARY RETIREES USING TURBOTAX FOR 2023
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P3Bill
VETERAN PEASHOOTER
Registered: 12/21/10
Posts: 1780
Loc: Wilderness
City or County: Orange County
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Just a heads up guys. When porting over your Federal AGI to state form 760, Turbo tax does not automatically deduct this years 20K deduction for your military retirement when computing your Virginia taxable income. You must open line 7 of Form 760 - SUBTRACTIONS and use the worksheet titled OTHER SUBTRACTIONS STATEMENT and scroll down to MILITARY SUBTRACTION SMART WORKSHEET
Edited by P3Bill (02/13/24 09:20 AM)
Edit Reason: clarification
_________________________
"Guns are a lot like parachutes ~ If you need one and don't have one, you'll probably never need one again"
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