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AB8 Benefit Verification Letter Question

Good afternoon everyone. I've followed and learned and this forum for a long time now and I appreciate all the great information from everyone. I looked today and had on Ebenefits and had a bunch of...

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Re: AB8 Benefit Verification Letter Question

Is this taxable? I'm retired military if that helps.

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Re: AB8 Benefit Verification Letter Question

Looks like 100% plus a SMC of some kind and children. Since you're retired there's an audit and such. I'm sure someone with more knowledge in that area will be along shortly.

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Re: AB8 Benefit Verification Letter Question

Thanks, I am married with children and in another letter it says I am entitled to SMC it just doesn't state how much. I'm just trying to figure out the difference between those two $$ amounts.

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Re: AB8 Benefit Verification Letter Question

No, it is not taxable. You will find that at years end that you do not receive a tax statement of any sort from the VA. As far as the IRS is concerned you do not receive this as income b/c it is not...

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Re: AB8 Benefit Verification Letter Question

Is your mil retirement pay $1682.00? That might be the simple explanation. Was there mention of Permanent and Total? VA Comp is not taxable - mil retirement is taxable. Welcome to VBN. Congrats on...

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Re: AB8 Benefit Verification Letter Question

Yes, it did say Permanent and Total.  Thank yall for the help.  Brad

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Re: AB8 Benefit Verification Letter Question

Congrats on your award

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Re: AB8 Benefit Verification Letter Question

So will I end up getting paid the $3825.54 or the $2143.54? Is it showing the $2143.54 because I'm retired and they're doing an audit or something?

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Re: AB8 Benefit Verification Letter Question

jimmybuffit wrote:Is your mil retirement pay $1682.00? That might be the simple explanation. Was there mention of Permanent and Total? VA Comp is not taxable - mil retirement is taxable. Welcome to...

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Re: AB8 Benefit Verification Letter Question

Your award letter will explain the ratings awarded to include any SMC rating. If you want to guess before then, look at the VA tables for your marital/dependent status with the caveat that the VBA...

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