The IRS Code provides an exemption from federal income tax for certain types of real estate owned by disabled veterans. The purpose of this video is to explain how disabled veterans can qualify for this property tax exemption.
What is the Disabled Veteran Tax Exemption?
If you are a 100% disabled veteran, the law exempts from federal income tax any housing benefit payments made to you because of your service-connected disability. The exemption applies only to the extent that these housing benefits are used for or applied to your principal residence. These payments include the basic housing allowance, dependency and indemnity compensation, disability compensation, and veterans’ mortgage life insurance proceeds.
Disabled veterans also qualify for tax-free proceeds from veterans’ mortgage life insurance policies. Veterans must have been rated totally disabled at the time of origination to qualify for this exemption.
🔵 It’s Time To Get Serious About Your Veterans Benefits!
❇️ SUPERCHARGE your VA CLAIM!
🤠 Sign up for Boot Camp http://www.combatcraig.com
😊 I created COMBAT CRAIG’S BOOT CAMP just for you! Why? Because it’s a battle with the VA just to have a successful claim in the first place. As such, many Veterans Benefits claims get denied or receive lowball ratings. I’m someone in your corner who’s been through VA frustration and denials, filing and refiling claims, and who understands the Veterans Benefits VA Claims process fully. I’ll demystify what you should be doing in the filing of your claim and what you should definitely NOT be doing.
🎯 If you don’t know me already, my name is Combat Craig. I’m a Desert Storm Combat Veteran with a 100% disabled rating and I tell it like it is. Whether it’s on my YouTube channel with 40,000+ followers, on Facebook, or right here in my BOOT CAMP, I’m talking about YOUR VA Rating and YOUR VA Benefits getting the SUPERCHARGED INCREASES you deserve! At whatever point you’re at in the VA Claims process! 🎯
🎥 I hold regular Private LIVE group STRATEGY SESSIONS on ZOOM where BOOT CAMP Members can interact with me! This is unlike any of my Live Broadcasts.
☎️ Do you need to ask me a question? There’s also an exclusive BOOT CAMP email address to reach me, Combat Craig, directly! 🙏😊
✳️ I’m not accredited with the VA or I couldn’t be giving out the info I give you as they’d muzzle me! I make sure to surround myself with the best and very knowledgeable folks. And I’m constantly researching what’s current and relevant with the VA. I encourage you to check on my reputation as a straight shooter within the Veteran community.
🤠 I created a few playlists for you to check out below
🤠 Maximize Your Veterans Benefits: https://www.youtube.com/watch?v=sOdymv4wCJk&list=PLY54MIiG8UeLwagfWOPBfKw64ITZazhMh
💰 How To File A VA Claim: https://www.youtube.com/watch?v=QxIaNEQPAPA&list=PLY54MIiG8UeI63Fqi7ImojMCIfWgC0Hmj
✅ Easiest VA Disability Claims: https://www.youtube.com/watch?v=xvR5j0mhxh4&list=PLY54MIiG8UeJKfI3-fm1NkLwaXKn5Jwmm
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