cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

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

 
1 Best answer

Accepted Solutions
Level 6

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

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 Reply
Level 6

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

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