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

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?
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1 Reply
MarilynG1
Expert Alumni

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

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 

 

 

 

 

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