VA Backlog Blamed for Delayed Retirement Pay
Retirees with a VA disability rating of 40% or lower will have their military retirement pay reduced by the amount of disability compensation they receive from the VA. However, VA disability compensation is tax-free. So the net gain works in the veteran’s favor....
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It does not necessarily mean all health care is 100% free (some medical care may be free, however, many veterans may be required to pay a co-pay). There may be limitations on the type of health care you may be eligible for, and some medical care may require a co-pay or other asso...
Shameful legacy: we have been fighting a long, hard battle to finally eliminate the offset of military retirement pay and VA disability compensation. We've come a long way toward achieving that goal.(from the NATIONAL ADJUTANT)(Combat-Related Special Compensation)...
A veteran entitled to receive VA compensation for a service-connected disability, but who receives retirement pay or active duty pay A surviving spouse of a veteran who died in active service or from a service-connected disability An active-duty service member who provides, on or before the dat...
Annual income, including salary, bonuses, commissions, tips, Social Security benefits, retirement payments, and any income a spouse or dependents may receive. Assets, including personal property like land and investments, but excluding your loved one’s primary residence, basic home items, eligible ...
Veterans who would get disability compensation if they didn't get retirement pay Veterans rated as eligible to receive compensation based on a pre-discharge exam or review Purple Heart recipients Eligible surviving spouses Most of the time, funding fee exemptions are fairly straightforward. But there...
For those who received retirement pay and later were assessed to have a service-related disability rating based on VA findings, the taxes on the associated portion of the retirement pay that was taxed prior to the determination is refundable. In this situation,IRS Form 1040xis required. ...
Most veterans and military service members will pay this fee but there are some exceptions: A veteran who receives compensation for a service-related disability. A service member who gets service-connected disability pay but is receiving retirement or active duty pay instead? A surviving spouse of...