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Does TurboTax not calculate the tax credit for Virginia military retirement income for retirees over 55, or does it and how do I get credit for it?

There is a graduated exemption on the taxable amount of military retirement pay for Virginia residents over the age of 55. The question is not asked in TurboTax when filing your return for state.
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JamesG1
Expert Alumni

Does TurboTax not calculate the tax credit for Virginia military retirement income for retirees over 55, or does it and how do I get credit for it?

In TurboTax Online, the Virginia Military Benefits Subtraction is found in the Virginia income tax return at the screen Here's the income that Virginia handles differently.

Select Start/Revisit to the right of Military Benefits Subtraction.

 

 

Learn more states:

 

Who qualifies?

Individuals age 55 or older who received qualifying military benefits are eligible for the subtraction. Taxpayers and surviving spouses are eligible for the Military Benefits Subtraction if they turn 55 at any time during the taxable year for which the subtraction is taken.

What military benefits qualify?

"Military benefits" are defined as:
 - any military retirement income received for service in the Armed Forces of the United States
 - qualified military benefits received pursuant to Section 134 of the Internal Revenue Code regarding certain military benefits
 - 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
 - military benefits paid to the surviving spouse of a veteran of the Armed Forces of the United States.

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