If you’re wondering, “Are VA Benefits Taxable” this video is for you! VA benefits payments are not considered income and therefore are not taxable at the state or federal level. Disabled veterans do not need to claim any payments received from the VA on their state or federal tax returns. VA disability compensation payments are not income. Finally, all VA benefits payments, such as disability compensation, education benefits, individual unemployability, special monthly compensation, pension payments, aid and attendance, and grants for home modifications, are not taxable.
***Video Timestamps***
⏩ 00:00 Brian Reese Welcome & BOOM!
⏩ 00:38 VA Disability Benefits Payments Are NOT Considered Income!
⏩ 00:49 VA Benefits Are NOT Taxable!
⏩ 01:35 Are Veterans Affairs Benefits Taxable?
⏩ 03:00 VA Benefits Payments Do NOT Need to Be Reported on Your Federal Tax Return
⏩ 03:15 How Do I Increase My VA Disability Rating?
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