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Veteran Services: Finance Questions

Finances

You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.

Questions & Answers

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Financial Questions & Answers

Question:

I received almost $30,000 back pay from VA for combat-related disability. Do I need to include this when I file my income taxes? I’m interested in income tax, not property tax. -James

Answer:

Sometimes even we like to keep it simple: No, VA disability is not considered taxable income.