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Should I use the Military Benefits Subtraction box if I'm receiving SBP?

 
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4 Replies

Should I use the Military Benefits Subtraction box if I'm receiving SBP?

@ajlambert5 

 

Probably...most states would allow it.

BUT

...you didn't indicate what state taxes you were dealing with...so no one can answer for sure.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Should I use the Military Benefits Subtraction box if I'm receiving SBP?

Virginia

Should I use the Military Benefits Subtraction box if I'm receiving SBP?

@ajlambert5 

__________________
Sounds Right.......since VA says this:

 

The following military benefits are eligible for the Military Benefits Subtraction: 

  • Military retirement income received for service in the Armed Forces of the United States; 
  • Benefits paid to the surviving spouse of a veteran of the Armed Forces of the United States under the Survivor Benefit Plan program established by the U.S. Department of Defense; and 
  • Military benefits paid to the surviving spouse of a veteran of the Armed Forces of the United States.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Should I use the Military Benefits Subtraction box if I'm receiving SBP?

Thank you. My husband passed in 2018. I guess I missed this part!

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