Posted on Dec 21, 2016
New Law Allows Injured Vets To Get Refund On Taxes They Were Never Meant To Pay
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This is a great thing that's going to happen because of Obama. He's really trying to leave a good legacy, and this will help him. It's also going to help many injured Vets financially. I'm not sure how a mistake of this magnitude could happen, but we are dealing with the IRS, so I guess that plains it.
Taxes have been mistakenly withheld as far back as the First Gulf War.
Thousands of veterans injured in combat could soon be able to recoup taxes erroneously collected from their disability severance pay due to a new law signed by President Barack Obama.
About 13,800 veterans separated from the military due to their injuries might have been affected, the nonprofit group National Veterans Legal Service Program estimates. Due to an accounting error, as much as $78 million in taxes deducted over decades from the lump sum payments.
Taxes have been mistakenly withheld as far back as the First Gulf War.
Thousands of veterans injured in combat could soon be able to recoup taxes erroneously collected from their disability severance pay due to a new law signed by President Barack Obama.
About 13,800 veterans separated from the military due to their injuries might have been affected, the nonprofit group National Veterans Legal Service Program estimates. Due to an accounting error, as much as $78 million in taxes deducted over decades from the lump sum payments.
New Law Allows Injured Vets To Get Refund On Taxes They Were Never Meant To Pay
Posted from taskandpurpose.com
Posted >1 y ago
Responses: 4
Finally some bipartisan action on issues that make sense.
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SGT (Join to see)
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I'm excited about it too LTC John Shaw. I was sent a notice my disability SS and VA disability went up .3 % for 2017. It's better than a poke in the eye with a sharp stick. These vets can use every penny.
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Posted >1 y ago
SGT (Join to see) time will tell whether this really works out or not.
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SGT (Join to see)
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When dealing with the Government, especially the IRS, there's no telling when this will occur Sgt Kelli Mays
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