Are you receiving disability income from the government? If so, is VA disability taxable? VA disability benefits are not considered taxable income by the federal government. This means that veterans who receive disability compensation from the Department of Veterans Affairs do not have to pay taxes on these amounts. It applies whether you get partial or complete VA disability … [Read more...] about Is VA Disability Taxable?
Have you ever heard the saying, "The battlefield is an entrepreneur's workshop?" It rings true for many veterans. As they transition back into civilian life, their unique skill set makes them natural entrepreneurs. Their grit, discipline, and leadership abilities can translate well into running a business. But there's one roadblock: funding. Imagine you're on this … [Read more...] about Veteran Business Loan: Your Guide to SBA Financing Options
According to the Defense Budget for 2024, military personnel are set to receive a pay raise. However, specific details such as the exact percentage of this increase remain uncertain until further legislative actions. To clarify: Remember that every service member's situation is unique because rank and years of service influence their respective salary increases. For … [Read more...] about 2024 Military Pay Raise
Ever looked at a home and thought, "Can a VA loan be assumed by a non veteran?" I've been there. It's like staring up at the peak of Everest from base camp—overwhelming but filled with possibility. It seems impossible, right? A government-backed mortgage program, created for our brave service members...opened to civilians? This might surprise you: The answer is yes! … [Read more...] about Exploring VA Loan Assumptions: Can a VA loan Be Assumed by a Non Veteran
An assumable VA loan means someone can take over your mortgage, including its current interest rate and terms. It's a feature of VA loans where the buyer, if eligible for this program, assumes the loan from the seller. Benefits include potentially lower interest rates than what's currently on offer and savings on closing costs compared to starting a new mortgage. Assuming a … [Read more...] about How To Benefit From an Assumable VA Loan