Anonymous
Anonymous asked in Business & FinanceOther - Business & Finance · 1 decade ago

What is net disability exclusion for veterans( internal revenue code 1.122-1)?

Is it true that if a vet file for this he will be able to get tax refund for 3 years(2007-2009)?

1 Answer

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  • Paul
    Lv 6
    1 decade ago
    Best Answer

    If you retire from military service and elect the survivor's benefit plan, the payments you make towards this plan are tax free. Additionally, any VA compensation for disabilities you received during military service is also tax free.

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