Thai Vet Posted April 10, 2022 Share Posted April 10, 2022 Is TDIU same as 100% for tax exemption? Or is it just that you get comp rate as 100%? Link to comment Share on other sites More sharing options...
0 Lead Moderator ShrekTheTank Posted April 10, 2022 Lead Moderator Share Posted April 10, 2022 VA disability is not taxed. It does not matter how you obtain it. Retirement and SSID are both taxed. Link to comment Share on other sites More sharing options...
0 Moderator brokensoldier244th Posted April 10, 2022 Moderator Share Posted April 10, 2022 Are you asking about tax homestead exemption? If you are P&t tdiu, usually yes, but every state is different for homestead exemption/property taxes and for vehicle registration. You’d need to check locally for that. Your va money, however, is tax free. Link to comment Share on other sites More sharing options...
0 Moderator broncovet Posted April 11, 2022 Moderator Share Posted April 11, 2022 My tax person told me "not" to include VA disability checks as income on IRS form 1040. I guess it confuses IRS, since, obviously some people work there and pay taxes on VA income, just like any other. Va disability comp is not taxable through the federal government. And, yes, if you are applying for the homestead PROPERTY tax exemption, you will need to check with your state. My state does not distinguish between tdiu and 100 percent schedular, both are eligible for the homestead (veterans) tax exemption, which I think means no taxes on the first 40,000 of property evaluation. Link to comment Share on other sites More sharing options...
0 HadIt.com Elder Buck52 Posted April 11, 2022 HadIt.com Elder Share Posted April 11, 2022 10 hours ago, broncovet said: My tax person told me "not" to include VA disability checks as income on IRS form 1040. I guess it confuses IRS, since, obviously some people work there and pay taxes on VA income, just like any other. Va disability comp is not taxable through the federal government. And, yes, if you are applying for the homestead PROPERTY tax exemption, you will need to check with your state. My state does not distinguish between tdiu and 100 percent schedular, both are eligible for the homestead (veterans) tax exemption, which I think means no taxes on the first 40,000 of property evaluation. Broncovet For some reason I don't know but when myy son went to file my my taxes he completed them on the Turobo Tax App.he sent the pdf file to me for me to sigh and date and mail it in, as I was fixing to go mail it he called and said do not mail it I don't need to file beings our VA COMP IS TAX FREE but I said what about SSR? HE SAID ITS UNDER THE 14.000 WERE ALLOWED TO HAVE so in all I never sent in my tax forrms I still have it ready to mail but since he said don't mail it I didn't. I guess if its wrong IRS will be sending me a wheres your 1099? or something. if the the 15th april is the dead line maybe I will hear back from the IRS? Link to comment Share on other sites More sharing options...
0 Lead Moderator ShrekTheTank Posted April 11, 2022 Lead Moderator Share Posted April 11, 2022 I think you still need to send it in even if you do not owe. As this could result in a late filing and then you could owe. I am not a professional at this, I just know when you read each one they should have the instruction on them. I think your son is correct, but I think you still need to file. But your taxable income should be 0. Link to comment Share on other sites More sharing options...
0 Community Owner Rattler Posted April 12, 2022 Community Owner Share Posted April 12, 2022 The VA does not send you 1099's because you benefits are Tax free. I know because I ask. Soial Security can be taxed but only if you have Taxable Income. (ie. money you earn from work) Link to comment Share on other sites More sharing options...
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Thai Vet
Is TDIU same as 100% for tax exemption? Or is it just that you get comp rate as 100%?
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