I receive dependent education benefits through the VA for college. Do I have to report this on my tax return?

julie-rudner — Thu, 06 Jun 2019 05:56:11 GMT

No, your VA Benefits are not taxable income. The followin...

MichaelMc — Thu, 06 Jun 2019 05:56:12 GMT

No, your VA Benefits are not taxable income. The following is taken directly from the IRS website IRS Information for Veterans:

"VA Disability Benefits

Do not include disability benefits you receive from the VA in your gross income. In particular some of the payments which are considered disability benefits include:

Disability compensation and pension payments for disabilities paid either to Veterans or their families,
Grants for homes designed for wheelchair living,
Grants for motor vehicles for Veterans who lost their sight or the use of their limbs, or
Benefits under a dependent-care assistance program."

Additionally, education and training benefits provided to veterans under the GI Bill are not taxable income. [Emphasis added]

Additionally, please be aware that, under the "no double benefit" rule, amounts of otherwise qualifying tuition and fees paid for with VA benefits cannot be used as the basis for claiming the American Opportunity Tax Credit, the Lifetime Learning Credit, or the tuition and fees deduction.

topic I receive dependent education benefits through the VA for college. Do I have to report this on my tax return? in Education

I receive dependent education benefits through the VA for college. Do I have to report this on my tax return?

No, your VA Benefits are not taxable income. The followin...