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From the VA 2016 Form 760 Resident Individual Income Tax Booklet:
Virginia law provides 3 "other" subtractions for military service members:
military basic pay (up to $15,000) for personnel on extended active duty for periods in excess of 90 consecutive days (Va. Code § 58.1-322 C 23); and
wages or salaries received for active and inactive service in the National Guard of the Commonwealth (Va. Code § 58.1-322 C 11).
From the VA 2016 Form 760 Resident Individual Income Tax Booklet:
Virginia law provides 3 "other" subtractions for military service members:
military basic pay (up to $15,000) for personnel on extended active duty for periods in excess of 90 consecutive days (Va. Code § 58.1-322 C 23); and
wages or salaries received for active and inactive service in the National Guard of the Commonwealth (Va. Code § 58.1-322 C 11).
UPDATE on Military Benefits Subtraction (also known as the Military Retirement Subtraction), the eligible military benefits subtracted must be included as income on your federal income tax return and you may only subtract up to:
The following military benefits are eligible for the Military Benefits Subtraction:
While Virginia law also allows the Military Benefits Subtraction for “qualified military benefits” as defined under federal tax law, these are not included as income on your federal and Virginia income tax returns. Since they’re already not part of your income, they cannot be subtracted at this time.
Example: Taxpayer A is a 65-year-old military veteran who receives military benefits that include $10,000 in military pension income that was included in Taxpayer A’s federal income for tax purposes and $2,000 in travel benefits under Operation Hero Miles. Because the $2,000 in travel benefits under Operation Hero Miles are considered “qualified military benefits” under federal law, they were excluded from Taxpayer A’s federal income for tax purposes. Taxpayer A may subtract the $10,000 in military pension income benefits but may not subtract the $2,000 in travel benefits that were not included in Taxpayer A’s federal income.
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