California Military Retired Exclusion

[JamesG1 · Accepted solution]

You are able to review the California Military Retired Pension Exclusion in TurboTax, in the California state income tax return.

The exclusion may be found at the screen Any Pension or Annuity Adjustments.  Do you have a question?

The California Franchise Board states:

For taxable years beginning on or after January 1, 2025, and before January 1, 2030, California allows qualified taxpayers to exclude from gross income up to $20,000 of retirement pay from the federal government for service in the uniformed services or annuity payments received pursuant to a U.S. Defense Department Survivor Benefit Plan.