February 10, 2006, Newsletter Issue #3: Is My VA Benefit Money Taxable?

Tip of the Week

At over $1000 a month, your GI Bill "income" is sizable. Fortunately, any VA benefits--including all veteran education benefits--are not reportable to the Internal Revenue Service. This news comes as a welcome relief to those using combinations of student loans, veteran education benefits and grants to pay for school. Your financial road to higher education may be a winding one, but rest assured, veteran education benefits won't end up costing you money at tax time.

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