130,000 veterans are about to get a hefty tax refund

Some veterans who have received disability payments may want to keep an eye out for mail from the Department of Defense — there could be money in it for them.

Veterans who left the military because of combat-related injuries between 1991 and 2016 may have been wrongly taxed on their one-time lump-sum disability severance pay, even though Congress deemed that money nontaxable. Now, thanks to the Combat-Injured Veterans Tax Fairness Act of 2016, the Department of Defense has identified more than 130,000 veterans who are eligible for a refund and is sending them notices between July 9 and July 20 to notify…

Read The Full Article Here

What do you think?

0 points
Upvote Downvote

Total votes: 0

Upvotes: 0

Upvotes percentage: 0.000000%

Downvotes: 0

Downvotes percentage: 0.000000%