Is VA Compensation Genuinely Ambiguous to VA Pension?
Compensation
NOUN
Something, typically money, awarded to someone as a recompense for loss, injury, or suffering.
"seeking compensation for injuries suffered at work" ·
recompense · repayment · payment · reimbursement · remuneration ·...
Why would HPHA then use VA Pension as my income?
The VA gives out two - Compensation or Pension.
Congress says it is not income. IRS, US Dept of Veteran Affairs,
U.S. DEPT OF VETERANS AFFAIRS.
Quote: Compensation 101: What exactly is VA compensation?
VA compensation is also an...
Compensated for losses.
"If there is no gain, there is no income." Supreme Court 1969
"If there is no gain, there is no income." [1] ...It [income] is not synonymous with receipts. Simply put, pay from a job is a 'wage,' and wages are not taxable. Congress has taxed income, not compensation."...
I do not get disability benefits per VA language. Disability benefits change in the VA when you turn 65. Disability is converted to VA Pension and you receive a 1099R for tax purposes.
I receive Compensation for loss of body parts. I do not get a 1099R because it is not considered income by the...
"whether your pension is included in income varies depending on the situation. You need to look at only the rules for the benefits you are seeking."
Like I said. I do not have a pension!
You need to read what I said like HPHA can't.
There is only two VA Income sources.
1. Compensation
2. Pension
The Va allows only one. Compensation or Pension
I have %100 Special Disabled Veterans Compensation ( Congress 1974)
I do not receive a 1099R because I receive no income by law.
Pension is what Veterans Disability converts to at...
Thank you but the key to this is: HPHA picked VA Pension as my VA Income.
There is a night and day difference from Veterans Compensation paid as Federal Compensation act in 1974 by Congress and disability benefits. You pay taxes on disability benefits but not Compensation.
Anyway if you are...
Is VA disability compensation considered in lieu of earnings?
Disability Compensation received from the VA aren't considered earned income, and aren't taxable benefits. The IRS applies this exclusion to benefits received for service in any country's armed forces
Is VA compensation a pension?
The simplest explanation is that VA compensation is a benefit paid on the basis of the kind and severity of a disability that happened as a result of your active duty in military service. VA pension is a benefit paid on the basis of a disability that was not a...
(4) The full amount of periodic amounts received from social security, annuities, insurance policies, retirement funds, pensions, disability or death benefits, and other similar types of periodic receipts, including a lump-sum amount or prospective monthly amounts for the delayed start of a...
Thank you. I just have a problem where HUD defines me as a Pension under incomes. My compensation is for Loss of my body parts. It is well defined I do not receive a Pension. I do not not receive Veteran's Disability. How do they enter it as a Pension? My tax form does not show a pension. The...
This is the HUD Income Exclusion list. My rental manager says although I am a Veteran receiving Compensation as defined in paragraph (v) it pertains to Indians only.
Does the OR prove otherwise?
HUD Income Exclusions:
(v) Compensation received by or on behalf of a veteran for service-connected...