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keokigeorg
New Member

My military pension was taxable on the Turbo Tax 2016 return but not on Turbo Tax 2017. Why the difference? Received 1099R from Defense Finance for both years.

Are Military pensions now tax exempt?

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SweetieJean
Level 15

My military pension was taxable on the Turbo Tax 2016 return but not on Turbo Tax 2017. Why the difference? Received 1099R from Defense Finance for both years.

Military retirement pay based on age or length of service is considered taxable income for Federal income taxes. However, military disability retirement pay and veterans' benefits, including service-connected disability pension payments, may be partially or fully excluded from taxable income.

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SweetieJean
Level 15

My military pension was taxable on the Turbo Tax 2016 return but not on Turbo Tax 2017. Why the difference? Received 1099R from Defense Finance for both years.

Military retirement pay based on age or length of service is considered taxable income for Federal income taxes. However, military disability retirement pay and veterans' benefits, including service-connected disability pension payments, may be partially or fully excluded from taxable income.

View solution in original post

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