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Get your taxes done using TurboTax
BobVal,
The issue is that your Federal AGI went up and the Age Deductions go down dollar for dollar at that level. So the result is that the amount added by the Savings Bond interest was offset by the same amount (to within $1) by the Age Deduction. (VA has a calculator at
https://www.individual.tax.virginia.gov/tools/#/calculators/ageDeduction
you can use to check this.)
Yes, it s**ks. Nothing you can do about it for 2022, but do contact your state legislature about getting this changed.
March 1, 2023
8:50 PM