I understand that my VA disability is not counted as income.
However, because of the 525 and subsections I mentioned plus the example, does this rule apply to my retirement pension? I may have to report it as income however, is it not taxable?
I am a 100% P&T Vet. I retired in 2018. My rating was issued in that same year.
and under the exclusions, the below applies to me:
“4. You would be entitled to receive disability compensation from the VA if you filed an application for it. Your exclusion under this condition is equal to the amount you would be entitled to receive from the VA”
I am entitled.
my retirement pay is less than the amount I receive from the VA
Therefore, couldn’t my pension be reported but NOT taxed?
