Virginia Basic Military Pay Subtraction

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span Class result type PDF span Virginia Individual Income Tax Subtractions And Deductions

dls.virginia.gov/GROUPS/HR5004TaxCode/Meetings/082304/IndSub.pdf

Military Pay Subtraction An individual may subtract all military pay and allowances, to the extent included in federal adjusted gross income and not otherwise subtracted, deducted or exempted under this section, earned by military personnel while serving in a combat zone or qualified hazardous duty area
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What Are The Virginia Other Subtractions To Income Support

support.taxslayer.com/hc/en-us/articles/360015906811-What-are-the-Virginia-Other-Subtractions-to-income-

Basic Military Pay; Virginia National Guard Income; Federal and State Employees – If you qualify as a federal or state employee and earn less than $15,000 annually from all employment, you may subtract up to $15,000 of the salary earned as a federal or state employee. The subtraction cannot exceed the actual salary received.
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58 1 322 02 Virginia Taxable Income Subtractions

law.lis.virginia.gov/vacode/title58.1/chapter3/section58.1-322.02/

Fifteen thousand dollars of military basic pay for military service personnel on extended active duty for periods in excess of 90 days; however, the subtraction amount shall be reduced dollar-for-dollar by the amount by which the taxpayer's military basic pay exceeds $15,000 and shall be reduced to zero if such military basic pay amount is equal to or exceeds $30,000.
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Virginia Tax Schedule Adj Instructions ESmart Tax

www.esmarttax.com/tax-forms/virginia-schedule-adj-instructions/

Special instructions for members of the militaryVirginia law provides three subtractions for military servicemembers. military pay and allowances earned while serving in a combat zone or qualified hazardous duty area (Va. Code § 58.1-322 C 21); military basic pay for personnel on extended active duty for periods in excess of 90 consecutive days (Va. Code § 58.1-322 C 23); and
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Subtractions Virginia Tax

www.tax.virginia.gov/subtractions

Up to $15,000 of military basic pay received during the taxable year may be exempted from Virginia income tax. The subtraction is reduced when military pay exceeds $15,000 and is fully phased out when pay reaches $30,000 (i.e., for every dollar that military basic pay exceeds $15,000, the subtraction is reduced by one dollar).
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Virginia x27 s Basic Military Pay Subtraction Virginia Beach Tax Preparation

pimtax.com/virginia-beach-tax-blog/219-virginia-s-basic-military-pay-subtraction

One of the subtractions you can apply under Virginia's tax laws is the Military Basic Pay Subtraction. Using this subtraction, military personnel can subtract up to $15,000 of their basic pay received during the taxable year, provided they were on active duty for more than 90 consecutive days. Note that "up to $15,000" part.
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4 14 6c Effective Date Income Tax Subtraction For Military Virginia

budget.lis.virginia.gov/amendment/2022/2/HB30/Introduced/CR/4-14/6c/

Fifteen thousand dollars of military basic pay for military service personnel on extended active duty for periods in excess of 90 days; however, the subtraction amount shall be reduced dollar-for-dollar by the amount by which the taxpayer's military basic pay exceeds $15,000 and shall be reduced to zero if such military basic pay amount is equal to or exceeds $30,000.
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FreeTaxUSA What Is The Basic Military Pay Subtraction

www.freetaxusa.com/help/display_faq.jsp?basic-military-pay-subtraction&faq_id=3988

For example, if your military basic pay is $18,000, then your maximum subtraction is $12,000. If your military basic pay is $29,000, then your maximum subtraction is $1,000. On joint returns, each spouse can qualify for the subtraction. If you claim this subtraction, you cannot claim a Credit for Low Income Individuals or the Virginia Earned Income Credit.
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Virginia Military And Veterans Benefits The Official Army Benefits

myarmybenefits.us.army.mil/Benefit-Library/State/Territory-Benefits/Virginia

For the 2022 tax year Veterans age 55 and over who are receiving military retired pay can deduct $10,000 from their Virginia taxable income. This subtraction will increase each year by $10,000 until the 2025 tax year, for a maximum subtraction of $40,000. 2022 -$10,000. 2023 – $20,000. 2024 – $30,000.
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Solved What Military Pay Constitutes A Virginia quot other Subtraction

ttlc.intuit.com/community/military/discussion/what-military-pay-constitutes-a-virginia-other-subtraction-from-federal-income/00/509752

Virginia law provides 3 "other" subtractions for military service members: military pay and allowances earned while serving in a combat zone or qualified hazardous duty area (Va. Code § 58.1-322 C 21); military basic pay (up to $15,000) for personnel on extended active duty for periods in excess of 90 consecutive days (Va. Code § 58.1-322 C 23); and.

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