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The veteran's pension is a tax-free benefit not subject to federal income tax. Regarding state tax, the veteran or beneficiary must check with the taxing authority in his or her state of residence to determine if the pension is subject to state income tax. Income received per month. Married veterans – federal tax-free up to $2054 per month ...
However, younger veterans (age 55 and below) generally receive less in compensation benefits (plus any earned income) than their non-disabled counterparts earn via employment. For example, the "parity ratio" for a 25-year-old veteran rated 100% disabled by PTSD is 0.75, and for a 35-year-old veteran rated 100% disabled by PTSD the ratio is 0.69 ...
VA loan. A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes ...
The Veterans Identification Card ( VIC) is an identification card issued by the United States Department of Veterans Affairs (VA) to former military personnel as part of the Veterans Identification Card Act of 2015. [1] The VIC allows veterans to demonstrate proof of service without the need for carrying their DD214, namely for discounts on ...
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The terms "veteran" and "service-disabled veteran" are defined in 38 U.S.C 101(2) and (16). The following definitions are as stated in that code: Veteran: The term veteran means "a person who served in the active military, naval, or air service, and who was discharged or released under conditions other than dishonorable".
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