Posted by: P3Bill
MILITARY RETIREES USING TURBOTAX FOR 2023 - 02/12/24 11:40 AM
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