Comments on: Tax Debt Help – “Disabled Veteran Payments Ruled Tax-Free”

By: babyboomer11852

babyboomer11852 — Wed, 13 Feb 2008 21:10:38 +0000

According to Pub 17 from the IRS; Disability compensation and pension payments for disabilities paid either to veterans or their families are not taxable. You may also be entitled to an additional tax credit if your husband is considered totally and permanently disabled when he retired.

Your husband’s disability and retirement are due to a service-connected disability and are therefore not included in your income for taxation and don’t let anyone tell you otherwise.

S. Raines, Sr. Financial Advisor/Tax Preparer

By: Margaret Lesh

Margaret Lesh — Tue, 12 Feb 2008 19:10:02 +0000

I have been going round and round trying to find out some correct info about military disablity and taxes. My husband was MEDICALLY RETIRED from the USAF. He was medically boarded and found to be 60% disabled by the USAF. He had 20 year 11 months and 15 days in as active duty. He has been rated as 70% disabled from the VA and receives payment from the VA (which we know is non-taxable). A couple different people, including someone from the VA has stated that 70% of any of his income should be considered non-taxable. This evidentally is supposed to include his military pension that he receives due to his medical retirement. Can anyone help with this issue. I’m very confused and after being on hold with the IRS for over 30 minutes and several hours trying to find info on the internet…I’m about over the whole mess. I appreciate any info that you can offer.

Thanks,
Margaret

By: Jim Buttonow

Jim Buttonow — Fri, 04 Jan 2008 02:15:54 +0000

Mr. Gilbert:

I understand your frustration. There are many options. Please contact Corey Cooley at my firm and he will give you some honest answers on what your options are…he can be reached at 336-369-5200- just ask for Corey- or you can e-mail him at ccooley@effectur.com.

Thanks. And I hope I can help or point you in the right direction.

You can see some of the options at my web site http://www.irsmind.com

Thanks,

Jim

By: JONATHAN GILBERT

JONATHAN GILBERT — Wed, 19 Dec 2007 00:01:19 +0000

I had a severe trauna to my head while in the service, I really didn’t think I would see 30 but at 43 I’m still here, all I ever wanted to do was to serve my country and then see it while driving an 18 wheeler, but my injury has stopped me, and if that is not enough the IRS wants a bunch of money, and money never even came through my mind.All I did is work/work/work!!! Money never mattered as long as I had fuel for my rig and food to survive. I never really knew how much I made or where I made it. So now I’m lost. I have no idea what to do or where to begin to look for help with this matter of me owing you, the IRS. Could someone PLEASE direct me in the right direction? I’m totally, completely, and absolutely lost.

Sincerely,

Jonathan D. Gilbert