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Virginia Military Retirees - Don't Forget This Deduction!

Tommy Blackburn, CFP®, CPA, PFS, of Mason & Associates discusses the recent changes to the Virginia Military Pension Deduction.

ℹ️ About the Episode:

• The deduction is now for Military retirees of any age (previously 55+).

• The deduction for 2023 is $20,000. It will grow by $10k per year until 2025.

• Make sure your accountant/tax preparer knows this deduction.

• It is worth up to $1,150 on your Virginia return for 2023.