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My brain housing group isn't what it used to be. MyPay doesn't list any W-2's or 1099R's yet. Are they out yet or am I lost in the sauce?
Posted 9 y ago
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If you are receiving disability from the VA it is non taxable and therefore you do not have any taxable income and no W-2.
My husband receives VA Disability, so we deal with this every year during the tax season. Even though he has an income, its non taxable. We make jokes about his lack of income this with the accountant , but he is quick to remind me he makes money its just non taxable :).
Social Security is different, there is a long drawn out formula to determine if any of the money you receive from them is taxable, but you should get a SSA 1099 with the instructions (math) to figure out if you have to pay taxes on SSA.
My husband receives VA Disability, so we deal with this every year during the tax season. Even though he has an income, its non taxable. We make jokes about his lack of income this with the accountant , but he is quick to remind me he makes money its just non taxable :).
Social Security is different, there is a long drawn out formula to determine if any of the money you receive from them is taxable, but you should get a SSA 1099 with the instructions (math) to figure out if you have to pay taxes on SSA.
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Ranna Harris
How long does it takes for the army and VA to pay you back? My husband just got out of the army since January and haven't got paid yet
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I don't think we get any either. I've also looked at Mypay and haven't seen anything.
I'm assuming since my disability is tax free that I don't get anything from the VA either? This is something that isn't mentioned before one medically retires. Good question
I'm assuming since my disability is tax free that I don't get anything from the VA either? This is something that isn't mentioned before one medically retires. Good question
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SFC Mark Merino
OK, the skinny is....no taxable income for disability, VA bennies, but IF you get SSDI (Social Security Disability), you will need the info from your SSA-1099. My brain is mush, but I don't remember getting it in the mail. HOWEVER.....if you go to http://www.socialsecurity.gov and set up a free account, you can get a copy of it on the spot. It's a handy site. They also list pending/past payments,etc. What blew my mind was that I am paying $1640 a month in alimony/child support and have one child I can claim (per the divorce decree) yet I am not entitled to a refund whatsoever on TurboTax. I'm hitting a tax place tomorrow.
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We won't get a 1099 or W2 is my understanding. My paperwork each month shows my earnings do not have taxes withheld due to my disability status and I am not subject to withholdings. I did some research on line and everything I found said we will not get a W-2 or 1099.
Anything I get from the Army and the VA is tax exempt and I don't have to claim any as income.
I do have to claim my SSDI as income and pay taxes on it.
Anything I get from the Army and the VA is tax exempt and I don't have to claim any as income.
I do have to claim my SSDI as income and pay taxes on it.
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CSM (Join to see)
I retired the end of March 2014. My W2 from DFAS had my active duty info earnings and withholdings, but nothing about my medically retirement income.
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SFC Mark Merino
Great intel. My breakdown is with social security. I'll hit those hookers up tomorrow. We're on a first name basis practically. My ex claimed so much illegal stuff, forged my name, got huge returns she hid, and I got the audit. next month I make my final payment. The crooked one horse town I lived in had a divorce judge that didn't bat an eye at her. You'd think AZ was military friendly for one of the ultimate red states.
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CSM (Join to see)
Wow, so sorry to hear that Mark. Also, I make quarterly estimated tax payments/deposits on my SSDI so I don't have a big tax liability at the time I file. If you use an accountant, I suggest you ask them about what your tax liability is estimated for the next year given what you get from SSA and about the quarterly estimated payments.
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