You'll need to sign in or create an account to connect with an expert.
Yes for the Retirement Income Credit you must include all income sources, taxable or not.
Household income generally includes all income (both taxable and nontaxable) each spouse received during the year. Household income includes gross income reduced by adjustments as reported in your federal AGI thus that income should be included in the "Veterans and Military Benefits" section.
I did enter the amount of my Military retirement sum, but "Based on the information provided, you are not eligible for the Retirement Income Credit." What are the criteria that disallowed this?
Household income generally includes most types of income, both taxable and nontaxable, that each spouse receives during the year. This includes such things as veteran’s benefits and disability pay, but it doesn’t include Social Security or Tier 1 Railroad Retirement Board benefits.
I have the same question. What is the reason for disallowing Veterans retirement credit?
Here are the requirements to qualify for the Oregon income Retirement Credit of which Veterans and Military Benefits are a part of.
Greetings - I served active duty (AD) from 1/1971 to 2/92 (241 months). None of that AD was served in Oregon. I plan on moving to Oregon but concern w their taxes on such benefits. Does all, part or none of that federal benefit get taxed in Oregon? And Why please? Thank you.
Why does my military retirement credit get taxed?
If you or your spouse got nontaxable pay as a member of the Armed Forces, you don’t have to include it as earned income on your federal taxes. According to the IRS, If you and your spouse do choose to include your nontaxable pay as earned income for the EITC, you may owe less tax and get a larger refund. The person who includes your nontaxable pay as earned income must include all of it.
The message you saw is TurboTax trying to help you get the best tax advantage. Here's what to do:
More information about Excludable Income
You can exclude the following income related to military compensation:
@SophiaMundis
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
BenedictaIris
New Member
hcgma2020
Level 2
TheGuttes
Level 1
fowlerpharm
Level 1
allentravers
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.