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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Is this taxable? I'm retired military if that helps.
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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.
View ArticleRe: 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.
View ArticleRe: 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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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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Yes, it did say Permanent and Total. Thank yall for the help. Brad
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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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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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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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