topic Military Severance Pay in Get your taxes done using TurboTax

Military Severance Pay

Canopr360 — Wed, 09 Feb 2022 02:15:09 GMT

So I did my taxes and I got separated of the military by disability and they gave me a disability Severance pay but I was taxed when it was not suppose To be taxed. They told me that I can claim it while doing my taxes what do I need to do since when I did the taxes with turbo tax did not saw an option for that and for 100% permanent and Total disable vet.

Re: Military Severance Pay

Vanessa A — Thu, 10 Feb 2022 15:11:52 GMT

Yes, you can claim a refund of the taxes withheld on your tax return. To do this, you will need to enter your W-2 as you normally would, then you will take the following steps to remove offset the taxable income but still show the taxes withheld so they can be refunded.

Click Federal
Income and Expenses
Show More next to Less Common Income
Start next to Miscellaneous Income
Start next to Other Reportable Income
Enter Military Severance Reclassified as Disability for the Description
Enter the amount reported in box 1 of your W2 as a negative number (ex -$40,000)
Click done

Re: Military Severance Pay

Melanin22 — Mon, 23 Jan 2023 05:04:57 GMT

But why can't I file electronically? it says i have to do it the traditional paper way?

Re: Military Severance Pay

DaveF1006 — Mon, 23 Jan 2023 15:19:44 GMT

It depends on what forms you are trying to file with your return. Some forms cannot be electronically file. To clarify, does your program indicate why you are not able to file electronically?

@Melanin22