Tax Season is Upon Us

It’s March and that means Tax Day is right around the corner.  Tax Day is April 18, and this is a perfect time to refresh yourself on veterans tax benefits in West Virginia. It is important to learn what benefits you or a loved-one might qualify to receive.

One tax benefit is the Military Retirement Pay State Income Tax Exemption. This is for anyone in West Virginia who receives a military retirement income paid by the United States or the state of West Virginia. This includes retirement income from the regular Armed Forces, Reserves and National Guard. This retirement income is exempt from state income tax. 

There is also the Homestead Exemption. The Homestead Exemption is for veterans with 100% permanent and total service-connected disabilities. Any veteran who believes they qualify for the exemption should contact the assessor in the county in which they live to determine their eligibility. 

West Virginia offers a $20,000 property tax exemption to veterans who are rated as 100% disabled by the U.S. Veterans Administration. The veteran must be the owner or occupier of the home. The veteran must also be a West Virginia resident for two consecutive years prior to filing the claim and meet other residency requirements if they entered the U.S. Armed Forces from West Virginia. 

You can speak to one of our VSOs at your local Benefit Office to see if you qualify for this exemption. To find which office serves your county, visit: https://veterans.wv.gov/field-office/Pages/default.aspx.

West Virginia veterans’ spouses may also qualify for the U.S. Department of Veterans Affairs Disability Dependency and Indemnity Compensation (DIC). DIC is a tax-free monetary benefit paid to eligible survivors of military service members who died in the line of duty or eligible survivors of Veterans whose death resulted from a service-related injury or disease.

To learn more about tax benefits for Veterans, visit: https://veterans.wv.gov/Benefits/Pages/default.aspx

And remember, file your taxes by April 18!