Is my Veterans Pension Benefit 2024 Total of $1056.00, Tax Free?

[kenneth-myles1445]

In 2024, I receive $88 per month as a Veterans Pension Benefit. Which totaled $1056 for 2024. Is this Tax Free as I understand it?

[MarilynG1]

It depends. If you're retired military and your pension is reported on a Form 1099-R, it is taxable income, although your State may exclude it (or a portion of it).

If you receive Veterans Disability Pension benefits, that income would not be taxable.

Here's more info on Tax Tips for Veterans.

Thank you for your service. 

@kenneth-myles1445