VA pensions are tax-free monthly benefits that disabled veterans may be eligible for if their income is below an amount set by Congress. As of 2025, a veteran’s net worth must be under $159,240 to qualify for a VA pension. VA pensions can be very beneficial for low-income veterans su...
If you’re the surviving spouse, child, or parent of a service member who died in the line of duty, or the survivor of a Veteran who died from a service-related injury or illness, you may be able to get a tax-free monetary benefit called VA Dependency and Indemnity Compensati...
Former U.S. Army Capt. Aaron Munz is the director of the Veterans Department at The Mesothelioma Center, and he is a VA-accredited Claims Agent. He received the Bronze Star in 2004 during Operation Iraqi Freedom. Munz has intimate knowledge of how veterans were exposed to asbestos because he...
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VA benefits remain tax-free if your rating increases. If the amount you receive from the VA in connection to the disability increases, there are still no taxes owed. Additionally, with adisability rating increase, veterans are potentially eligible for a veterans disability tax refund on taxes pai...
801.56 -61.04 -1.58% Latest News All Times Eastern scroll up scroll down 6:59a Cooking the books: Pals Donald Trump and Vince McMahon both resolve hush-money cases 6:54a Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep ...
Recent tax law changes have significantly impacted divorce settlements. Key considerations include: Property Transfers: While transfers between spouses during divorce are generally tax-free, the tax basis of property may change, affecting future capital gains taxes. Our Fairfax Divorce Lawyer helps structu...
These days, many people electronically file their own taxes using free tax software they find online, but getting your taxes done in this way can be fraught with risk. Unlike a professional tax service, you get no guarantee that the tax prep software is up to date with the latest changes ...
One of the firm’s offerings invested entirely in bailout-backed securities, which were described by one Wall Streeter as “an incredibly free lunch.” This is a two-fer, because this fund was also based in the Cayman Islands, to take advantage of lax tax laws, of course. MA-10: ...
hardships your service-related disabilities create. Additional benefits such as an automobile allowance or adapted housing allowance are also sometimes available. These tax-free benefits are meant to provide veterans with the resources needed to alter their homes and automobiles to accommodate their ...