Do I qualify for the new National Guard and Reserve Component Members Deduction?
There is a deduction available for certain members of the reserve components of the Army, Navy, Air Force, Coast Guard, Marine Corps or the Merchant Marine, or a member of the Indiana Army National Guard or the Indiana Air National Guard. A deduction is available for the income received as a result of service on involuntary orders during the period the above members were deployed or mobilized for full-time service, or during the period the above member’s Indiana National Guard unit was federalized. If you meet the above-requirements, see instructions on page 20 of the IT-40 Instruction booklet for details on how to figure your deduction.
There is a deduction available for certain members of the reserve components of the Army, Navy, Air Force, Coast Guard, Marine Corps or the Merchant Marine, or a member of the Indiana Army National Guard or the Indiana Air National Guard. A deduction is available for the income received as a result of service on involuntary orders during the period the above members were deployed or mobilized for full-time service, or during the period the above member’s Indiana National Guard unit was federalized. If you meet the above-requirements, see instructions on page 21 of the IT-40 Instruction booklet for details on how to figure your deduction.
Related Questions
- What is the law that applies to the job rights for National Guard and Reserve members being called up for active duty?
- Are there any special post-deployment services or benefits for members of the National Guard and Reserve Component?
- Do I qualify for the new National Guard and Reserve Component Members Deduction?
