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December 19, 2024
Question

I decided to take the military REDUX retirement in 2014. I was taxed about $9k.I am now retired and rated 100% disabled through the VA.Can I get the taxed portion back?

  • December 19, 2024
  • 1 reply
  • 0 views
The REDUX is considered a “Bonus” pay and was $30k.

    1 reply

    DoninGA
    Employee
    December 19, 2024

    Your VA disability payments are not reported on tax return.  The retirement pay you receive along with the bonus received is taxable and reported on a tax return.  You should receive a Form 1099-R for the retirement income in January for the retirement income received in 2024.

     

    To enter, edit or delete a form 1099-R -

    Click on Federal Taxes (Personal using Home and Business)
    Click on Wages and Income (Personal Income using Home and Business)
    Click on I'll choose what I work on (if shown)
    Scroll down to Retirement Plans and Social Security
    On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

     

    Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R