Special Tax Considerations for Veterans

Disabled veterans may be eligible to claim a federal tax refund based on:
an increase in the veteran's percentage of disability from the Department of Veterans Affairs (which may include a retroactive determination) or
the combat-disabled veteran applying for, and being granted, Combat-Related Special Compensation, after an award for Concurrent Retirement and Disability.

Veterans should seek assistance from a competent tax professional before filing amended returns based on a disability determination. Refund claims based on an incorrect interpretation of the tax law could subject the veteran to interest and/or penalty charges.
Please contact David Maines to assist you with your Tax Planning For Veterans serivce.