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Are computers tax exempt under the Virginia tax holiday?
No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!
Is the VA funding fee tax deductible?
See this link - IRS pub. 936 p. 7. Very well explained. http://www.irs.gov/pub/irs-pdf/p936.pdf Hope this helps! "Mortgage insurance provided by the Department of Veterans Affairs is commonly known as a funding fee."
Do i as a disabled veteran pay income tax on the disability payments?
If your disability payments are through the VA then they are tax free and are not considered taxable income.
How do you do a tax return for a merchant marine?
I have a merchant marine who has his permanent residence in puerto Rico and live in va for one month. What tax returns do I file?
Is VA Disability considered tax exempt?
VA Disability Benefits You do NOT include disability benefits you receive from the U.S. Department of Veterans Affairs (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.The VA publishes an annual benefits booklet, a comprehensive guide for Federal Benefits for Veterans, Dependents and Survivors.If you are a military retiree and receive your disability benefits from the VA, go to IRS gov web site and use the search box for IRS Publication 525 for more information.
Are computers tax exempt under the Virginia tax holiday?
No, only items under $100 dollars are exempt in VA's tax exempt holidays. I wish they were!
Is the VA Funding Fee considered Mortgage Insurance for tax purposes?
no,
What are the policies regarding the exemption of all scouts from the CAT?
I believe it involves a constitutional amendment (I think to the West Va constitution - not the US) granting the BSA tax exempt status. The issue is that the BSA is opening a new high adventure base in West Virginia. They are currently tax exempt but the BSA may engage in some activities there that may cause their tax exempt status to be questioned. This legislation is an effort to allow the BSA to fully operate the Summit Beschel Scout Reserve as they would like without jeopardizing their tax exemption.
What percentage of disability is needed to waive a VA funding fee on home loans?
To waive the VA funding fee on home loans, a VA loan borrower must be receiving compensation for a service-connected disability rated at 10% or higher. This means at least a 10% disability rating is needed to qualify for a waiver of the VA funding fee.
Is the VA funding fee tax deductible?
See this link - IRS pub. 936 p. 7. Very well explained. http://www.irs.gov/pub/irs-pdf/p936.pdf Hope this helps! "Mortgage insurance provided by the Department of Veterans Affairs is commonly known as a funding fee."
Do you have to show va payment on tax forms?
VA compensation payments for service connected disability is NOT reported as taxable income on your income tax return.
If ss disability payments are exempt from a bankruptcy why would your disposable income change if the only added income was from the ss?
Is VA Disability income exempt from bankruptcy income claim?
What s the property tax for Alexandria va?
A lot
Can a bank garnishs a VA disability check for a default debt to the bank?
No - not social security and not disability - they are totally exempt.
How do you find out if you owe registration fees in Richmond Va?
dont ask me i dont live there
What is stratford career institute VA employer identification number?
What is tax
If your house is va funded and you are behind on payments can the IRS keep your tax return?
The IRS itself has no interest in your tax refund, and they could frankly care less. However, the VA can have a judgment placed on you and seize your tax return for back payments, and the IRS will give it to them. They have to... it's the law.
