actioncorpsweekly

Tax Glitch Affects Veterans - A recent Pentagon audit revealed that more than 130,000 veterans who were medically separated as a result of injuries sustained in combat, and received a disability severance, may be entitled to a significant tax refund. Under federal law, disability severance paid as a result of combat injuries is intended to be tax-free. However, from 1991 to 2016, the automated payment system maintained by DOD failed to properly identify those payments as being tax exempt and withheld between 20-25 percent of the payment, resulting in an overpayment of federal income tax. If you feel that you may be entitled to a refund, you can
find more information including how to file an amended income tax return through the Internal Revenue Service