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Veterans are often exempt from taxes, and in the United States, there are even tax exemptions for veterans that vary by state. For example, in Virginia, Veterans Affairs benefits are not taxable. But does this exemption extend to all Commonwealth of Virginia veterans?
No, only those receiving a pension. In this article, we will explore why this is, and see what other exemptions are extended to Virginia veterans in the state.
How Does Virginia Deal With Income Tax Exemptions For Veterans?
In general, each state in the United States has its own set of rules regarding taxation and veterans. However, there are some similarities between the various states. For example, if you are a resident of the United States and you have served in active duty for any branch of the military or another exempt organization (such as Public Health Service), then you are often eligible for an exemption from paying income tax to that specific state. Other states generally do the same.
How Are Virginia's Tax Laws Relating To Veterans?
In Virginia, the state has a section of code related to income tax exemptions for military members. This is found under Title 58 Section 56-95.01, which is titled "Income Tax Exemptions."
Applying For an Exemption in Virginia?
If you wish to apply for an exemption from paying income tax in Virginia because you are a veteran, you will have to contact the appropriate government office.
No, only those receiving a pension. In this article, we will explore why this is, and see what other exemptions are extended to Virginia veterans in the state.
How Does Virginia Deal With Income Tax Exemptions For Veterans?
In general, each state in the United States has its own set of rules regarding taxation and veterans. However, there are some similarities between the various states. For example, if you are a resident of the United States and you have served in active duty for any branch of the military or another exempt organization (such as Public Health Service), then you are often eligible for an exemption from paying income tax to that specific state. Other states generally do the same.
How Are Virginia's Tax Laws Relating To Veterans?
In Virginia, the state has a section of code related to income tax exemptions for military members. This is found under Title 58 Section 56-95.01, which is titled "Income Tax Exemptions."
Applying For an Exemption in Virginia?
If you wish to apply for an exemption from paying income tax in Virginia because you are a veteran, you will have to contact the appropriate government office.
