Veteran’s Pension Update
The Veterans Administration (VA) has yet to publish new rules for their Pension program (commonly referred to as Aid & Attendance) that will make qualifying for those benefits more difficult. We are still keeping an eye open for updates. Until the new rules come out, here are the basics for qualifying for the pension. It is important for you to act soon to qualify under the rules as they exist now. In case you, a loved one, or a friend may be eligible for VA pension benefits, which means you could receive up to $2,170 per month from the VA (depending on marital status, medical condition and financial situation).
The basic eligibility requirements are: A Veteran or surviving spouse who served on active duty for at least 90 days, with one day of wartime service. The wartime dates are included below:
World War II: December 7, 1941, through December 31, 1946, extended to July 25, 1947, if continuous with service on or before December 31, 1946.
Korean Conflict: June 27, 1950, through January 31, 1955.
Vietnam Era: August 5, 1964, through May 7, 1975. However, February 28, 1961, through May 7, 1975, for a veteran who served in the Republic of Vietnam during that period.
Persian Gulf War: August 2, 1990, through a date to be prescribed by Presidential proclamation or law.
There are also income and asset requirements, along with medical requirements that we will discuss in more detail with you.
Please call Euless, Texas Veterans Benefits Attorney, Antoinette Bone, at (817) 462-5454 or email [email protected] to schedule a complimentary 30 minute consultation to determine whether you or someone you know may be able to qualify for up to $2,170 per month in tax-free assistance. If you are interested in other VA benefits download our e-book from the home page abonelaw.com .
To comply with the U.S. Treasury regulations, we must inform you that (i) any U.S. federal tax advice contained in this newsletter was not intended or written to be used, and cannot be used, by any person for the purpose of avoiding U.S. federal tax penalties that may be imposed on such person and (ii) each taxpayer should seek advice from their tax advisor based on the taxpayer’s particular circumstances.
Nothing in this message is intended to provide legal advice. This message is for educational purposes only.