Does the Virginia program take into account the reduction of taxable income due to military retirement?

[windtree4]

Does the Virginia program take into account the reduction of taxable income due to military retirement?

[DMarkM1 · Accepted solution]

Yes.  After entering your form 1099R for your military retirement benefits in the federal interview you can navigate to the VA state interview.  In the "Income Adjustments" section you will find the "Military Benefits Subtraction" topic in the "Military" section.  There you can enter your military retirement benefit amount up to $20,000 ($40,000 for joint military retirees) if you are age 55 or older.  

[windtree4]

Thank you.  Found it.  Unfortunately, now I have to do an amendment as I already submitted my return.  Could use some help doing that.

[CatinaT1 · Accepted solution]

If you want to make changes or add a document to a tax return that has already been submitted, you should follow these guidelines. 

• You must first wait until the initial return is completely processed.
• You will have to use the same TurboTax account that you used for the original tax return.
• Once you begin your amendment, you'll see your original return.
• The refund calculator will start new at $0 and only reflect the changes in the refund or tax due
• Only make changes to the areas of your return that need amending.
• You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment

Select your product below and follow the instructions. 

Amend TurboTax Online 

Amend TurboTax CD/Download 

[windtree4]

Thanks. How do I know when the return is processed?

[DMarkM1]

Typically, when either your refund is deposited or payment debited indicates your return has been processed.  Otherwise about 4 weeks after you filed your original return.