The IRS is committed to providing assistance to veterans of all types, including those with disabilities.
In fact, they’ve dedicated a page on their website to disabled veterans, covering federal tax-related information about tax credits and benefits, tax preparation, and asset-building opportunities available to them. Here are a few key points listed:
- Many disabled veterans are eligible for various tax credits, including the Earned Income Credit, a refundable federal income tax credit for low- to moderate-income working families and individuals.
- The IRS is committed to making every document on its website accessible to everyone, including veterans with disabilities. If you need help accessing these products, visit their Accessible IRS Tax Products page.
- Special tax considerations for disabled veterans occasionally result in a need for amended returns.
- VA payments to hospital patients and resident veterans for their services under the VA’s therapeutic or rehabilitative programs are no longer included as income for tax purposes.
For more information about these and other important tips and resources, click here.