Veteran’s benefits are determined by a number of factors including the type of discharge earned and the length of military service. This is besides pension, which everyone in the service is entitled to receive. These benefits are managed and overseen by the U.S. Department of Veteran Affairs, a body that administers a portfolio of benefits for qualified veterans.
Here are some of the benefits you are able to enjoy if you are a veteran.
Free tax preparation
As a veteran, you are also able to access free tax preparation. This offer extends to your family, so this is something that could lift the heavy burden of worrying about filing taxes. The Volunteer Income Tax Assistance program that has offices in military bases handles this. There are also sites you could use to process taxes faster as long as you have coupon codes that you can insert to win a lower price for the entire process.
This is one of the most important benefits a veteran is able to access. The GI Bill program provides veterans with access to college or vacation training. For example, if you have served for more than 90 days consecutively at any branch in the military, you might be eligible to receive educational assistance benefits.
The benefit helps you in paying for full tuition, you are awarded a housing allowance, and you also get some stipend to buy books, which you could find cheap using discount codes for different stores.
Long-term care can be expensive, but it’s necessary to get it especially if you are aging. Veterans are able to access long term care through the Aid and Attendance program, which provides them with money to cover cost of assisted living programs and nursing homes. Couples are able to receive up to $25, 020 every year, and this could help to take away a lot of costs that go into long term care. Spouses of veterans who are living also enjoy eligibility to get $13,560 a year, which goes into covering long-term care costs.
While someone is taking care of an ailing veteran at their home, they can apply for support through the Department of Veterans Affairs. This program does not provide monetary assistance, but you get support and a caregiver who helps in coordinating navigation through military benefits. It gets rid of the stress of caregiving and allows one to receive the best support when ailing.
If you are a veteran with a service-related disability, you qualify for a monthly tax-free benefit that ranges between $133 and $3,400. This benefit is paid if you are considered unemployable due to the disability, you got severe loss of limbs or disabilities, and have a disabled spouse.
Being a veteran, you claim a position of honor and for this reason you are eligible to certain benefits. Some of the benefits you enjoy that are accessible include death benefits, certification programs, and life insurance. You also can further your education through the GI Bill program, and if you are disabled this earns you eligibility to receive disability compensation.