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What else can I help you with?
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?
What is the mailing address for VA federal tax returns expecting a refund?
For VA federal tax returns expecting a refund, the mailing address is: Department of the Treasury Internal Revenue Service P.O. Box 37008 Hartford, CT 06176-0008 Make sure to check the IRS website or your tax forms for any updates or changes to this address.
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.
What is the deadline for filing VA 760ES for the tax year 2015?
The deadline for filing VA 760ES for the tax year 2015 is January 15, 2016.
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.
Does va tax railroad pensions?
Yes, Virginia taxes railroad pensions, but they may be subject to certain deductions or exemptions. Railroad retirement benefits are generally treated differently than regular pensions, with some portions potentially being exempt from state income tax. It's advisable for individuals to consult with a tax professional or refer to the Virginia Department of Taxation for specific guidance on their situation.
Can the IRS levy VA compensation benefits?
No, the IRS cannot levy VA compensation benefits. These benefits are protected by federal law, which states that veterans' disability compensation is exempt from legal process to ensure that veterans have a reliable source of income. However, other types of VA benefits may be subject to levy under certain circumstances. It's important for veterans to consult with a tax professional for specific guidance regarding their individual situations.
