There is a new Tax Law in Virginia effective for your2022 income which provides up to a $10k deduction on Virginia income if you are 55 or older and receive retired military pay. You MUST enter this data proactively. TurboTax does NOT ask this obvious question but should. There is NO prompt from TurboTax as of today (2/19/2023) for this Virginia deduction. Perhaps, it will be included in a future update and hopefully added for next year! Follow the above instructions to get the deduction.
February 19, 2023
12:59 PM
