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February 27, 2025
Question

Should I use the Military Benefits Subtraction box if I'm receiving SBP?

  • February 27, 2025
  • 1 reply
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    1 reply

    SteamTrain
    February 28, 2025

    @ajlambert5 

     

    Probably...most states would allow it.

    BUT

    ...you didn't indicate what state taxes you were dealing with...so no one can answer for sure.

     

    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
    February 28, 2025

    Virginia

    SteamTrain
    February 28, 2025

    @ajlambert5 

    __________________
    Sounds Right.......since VA says this:

     

    The following military benefits are eligible for the Military Benefits Subtraction: 

    • Military retirement income received for service in the Armed Forces of the United States; 
    • 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; and 
    • Military benefits paid to the surviving spouse of a veteran of the Armed Forces of the United States.
    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*