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posted Jun 6, 2019 8:54:49 AM

Do i input my interest income from the Savings Deposit Program (SDP) from military deployment onto my tax return?

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1 Best answer
Level 1
Jun 6, 2019 8:54:51 AM

Yes, while federal income earned in hazardous duty zones is tax-free, interest accrued on earnings deposited into the Savings Deposit Program is taxable (military.com).  To enter this in on your return, please see TurboTax FAQ below;

https://ttlc.intuit.com/replies/3300478

1 Replies
Level 1
Jun 6, 2019 8:54:51 AM

Yes, while federal income earned in hazardous duty zones is tax-free, interest accrued on earnings deposited into the Savings Deposit Program is taxable (military.com).  To enter this in on your return, please see TurboTax FAQ below;

https://ttlc.intuit.com/replies/3300478