Many times after veterans receive their VA disability award letters (stating what percent of VA disability they will receive), they fail to contact their local county veterans service office to see if there might be additional benefits coming. One of these benefits is a property tax deduction for the following disabled veterans:
A $12,480 deduction is available to veterans who: (1) served at least 90 days of honorable service and are totally disabled (not necessarily service-connected but the disability must be evidenced by a U.S. Department of Veterans Affairs pension certificate), or (2) are at least 62 years old and 10 percent service- connected disabled. This deduction is not available if the assessed value of the real property owned by the veteran is in excess of $143,160.
A $24,960 tax deduction is available for veterans who served honorably in the Armed Forces during any period of wartime and are at least 10 percent service-connected disabled.
A $37,440 tax deduction is available for any veteran who served honorably during any period of war and is 100 percent service-connected disabled or is at least 62 years of age with at least a 10 percent service connected disability.
The VA also notes that:
A statutory disability rating for pulmonary tuberculosis is not eligible;
Active duty for training with the National Guard or Reserves is eligible only if the disability occurs from an event during the period of active duty and that duty was performed during wartime; and
The surviving spouse of the veteran is eligible for the veterans tax deduction. The spouse must apply in his or her own name.
Current members of the active branches of service, National Guard and Reserves are eligible to receive an exemption of $5,000 on their state income tax return. Veterans who are military retirees and over age 60 are eligible for the same extension. If you have questions concerning the above mentioned veterans benefits please contact your county veterans service officer so that you can obtain the proper form that the auditor in your county will need. The authorization for these deductions can be found at http://www.in.gov/dlgf/files/090923_-_Stanley_Memo_-_Veterans_Deduction.pdf
[Source: Tippecanoe County Veteran Services Office firstname.lastname@example.org
22 Mar 2011 ++]