| Pride and Honor...You served in the U.S. Military, and | | | | - Education, training, and subsistence allowances. |
| fought for the freedom of your Country. Now that | | | | - Disability compensation and pension payments for |
| you've finished your time in the armed services you | | | | disabilities paid either to veterans or their families. |
| should be entitled to some kind of tax breaks; | | | | - Grants for homes designed for wheelchair living. |
| especially if you're disabled as a result of your service | | | | - Grants for motor vehicles for veterans who lose |
| to your Country. | | | | their sight or use of their limbs. |
| You've earned it...Your military retirement pay is | | | | - Veterans' insurance proceeds and dividends paid |
| considered income and therefore must be claimed as | | | | either to veterans or their beneficiaries, including the |
| income on your tax return filing. However you do not | | | | proceeds of a veteran's endowment policy paid |
| have the standard tax deductions like you would on a | | | | before death. |
| paycheck. That means you don't have the | | | | - Interest on insurance dividends left on deposit with |
| government taking taxes out of every retirement | | | | the VA. |
| check you get. | | | | - Benefits under a dependent-care assistance |
| You have sacrificed...If you are disabled as a result of | | | | program. |
| being injured during your service then your pension and | | | | - The death gratuity paid to a survivor of a member of |
| disability benefits are non-taxed, and you do not have | | | | the Armed Forces who died after September 10, 2001. |
| to report them on your tax return as income. Since | | | | All too often we forget about the brave men and |
| you don't have to report these as income you are able | | | | women who have given of themselves for the |
| to stay in a lower tax bracket which may allow for a | | | | freedom that we enjoy. I want to make sure that the |
| better tax refund. | | | | veteran's who have served their Country with |
| The following Veterans benefits are also excluded | | | | distinction are not forgotten, and have the information |
| from federal taxable income. The following amounts | | | | to receive their due from the government. |
| paid to veterans or their families are non-taxable: | | | | Now you have the smoking gun...Use it! |