- Can a child of a veteran use the GI Bill?
- Can you count GI Bill as income?
- Does BAH count as income?
- Do you still get the GI Bill with a medical discharge?
- Do I have to claim my GI bill on taxes?
- How many years do you have to serve to be a veteran?
- What are the 5 types of military discharges?
- Can I use my GI bill to buy a house?
- What benefits do you get with an honorable discharge?
- Are you a veteran if you get an honorable discharge?
- How long must you serve to get GI Bill?
- Do I have to report VA benefits to IRS?
Can a child of a veteran use the GI Bill?
If you’re a dependent spouse or child—or the surviving spouse or child—of a Veteran, you may qualify for Chapter 35 benefits or job training through a GI Bill program..
Can you count GI Bill as income?
The short answer is no, these benefits are NOT taxable and should NOT be reported on your tax return as income. … “Payments you receive for education, training, or subsistence under any law administered by the Department of Veterans Affairs (VA) are tax free.”
Does BAH count as income?
The Basic Allowance for Housing (BAH) and Basic Allowance for Subsistence (BAS) are both nontaxable income.
Do you still get the GI Bill with a medical discharge?
Normally, an HONORABLE discharge is required to be eligible for the Post-9/11 GI Bill. However the following types of discharge may also qualify you for the Post-9/11 GI BIll: a medical condition which preexisted service and is not service-connected. a hardship.
Do I have to claim my GI bill on taxes?
Payments you receive for education, training, or subsistence under any law administered by the VA are tax free. Don’t include these payments as income on your federal tax return.
How many years do you have to serve to be a veteran?
Veteran benefits and length of serviceBenefitMinimum Service RequirementPeriod of ServiceVA healthcareAnyAnyMilitary health insurance20 yearsAnyVA pension90 days active dutyBefore Sept. 7, 1980VA pension2 years active dutyOn or after Sept. 7, 198020 more rows
What are the 5 types of military discharges?
In general, there are five different types of discharges from the Army: Honorable; General, Under Honorable Conditions; Under Other than Honorable Conditions; Bad Conduct; and Dishonorable.
Can I use my GI bill to buy a house?
If you’re a qualified veteran or active member of the armed forces, you’re entitled to use a VA home loan to finance the purchase of a home. It doesn’t matter if you’re buying a condo, townhouse, or standalone house—the loan will help you get into a home of your very own.
What benefits do you get with an honorable discharge?
An honorable discharge is by far the most common with over 85 percent of veterans receiving this type of discharge. Veterans with an honorable discharge are entitled to all VA benefits (e.g., disability compensation, educational, healthcare, vocational).
Are you a veteran if you get an honorable discharge?
Generally, in order to receive VA benefits and services, the Veteran’s character of discharge or service must be under other than dishonorable conditions (e.g., honorable, under honorable conditions, general).
How long must you serve to get GI Bill?
three yearsWith the Post 9/11 GI Bill, you become eligible for the minimum 40% benefit with as little as 90 days of active duty. To receive the full benefit (100%) requires at least three years of active duty.
Do I have to report VA benefits to IRS?
VA Disability Benefits Disability benefits you receive from the Department of Veterans Affairs (VA) aren’t taxable. You don’t need to include them as income on your tax return. Tax-free disability benefits include: disability compensation and pension payments for disabilities paid either to veterans or their families.