Idaho offers a retirement income deduction to include military retirement if the taxpayer meets a two-part qualification:
- Part One - The recipient must be at least age 65 or be classified as disabled and be at least age 62. If married, the must be filing jointly with their spouse.
- Part Two - Qualified Retirement Benefits to include Retirement benefits paid by the United States to a retired member of the U.S. military.
The deduction is limited based on filing status and takes into account any Social Security income or railroad retirement income. Please review the state instructions for the applicable limitations for each tax year.
To deduct the military retirement income from the Idaho individual tax return in TaxSlayer ProWeb, from the Idaho Return menu select:
- Deductions from Income
- Retirement Benefits Deduction
- Social Security Benefits Received - Enter the total SS benefits received (Form 1040, line 6a).
- Retirement Benefits Included in Federal Income - Enter the qualified military retirement benefits.
Additional Information:
Idaho Retirement Benefits Deduction
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