Before you make any big financial moves, wait! Did you know that there are many opportunities for financial help for veterans? Whether you're applying for a home loan or entering college, you might be surprised to learn just how many benefits you can explore as someone who has served our country. In this guide, we'll walk you through some of the most important benefits - and where you can go to research other financial opportunities for the future!
Researching Veteran Benefits
Did you know that nearly 60 percent of veterans don't know what benefits they have earned? While anyone can get quick financial help with resources like cash advances and loans, veterans are entitled to many unique benefits that are worth investigating. Luckily, it's easy to find the financial help that you deserve. The U.S. Department of Veteran Affairs provides a comprehensive list of veteran benefits, from loans to medical assistance, so you can find the information that you need quickly. This website is a great place to conduct research, while also learning everything you need to apply for each application. Not only can you find information for yourself, but the website also includes a section on how to help homeless veterans in need.
Taxes
Veterans may be eligible for a number of tax benefits that you might not expect, so a little research may pay off in a big way.
- Free filing: You can get free tax filing help through both the IRS and affiliated services, so you don't miss any important write-offs.
- Exemptions: If you are an injured or disabled veteran, portions of your compensation may be exempt from income tax. Be sure to check with a professional for details.
- Income and retirement: Depending on your state, your retired pay may be exempt from state taxes. Click onto the IRS website for more information.
College
Are you planning to head back to school? Keep these tips in mind before you head to campus!
- Post 911 GI Bill: This benefit helps cover fees ranging from tuition to housing, and qualifying criteria is listed on the U.S. Department of Veteran Affairs website.
- Campus Resources: Your college may provide veteran-specific resources, like orientations and advisors, so you can connect with other military students.
Employment
Ready to get back into the workforce? There are many organizations that exist to help veterans in your situation, so feel free to reach out to find the best opportunities for you.
- Military.com: This site includes basics on how to transition from military to civilian life, including resume writing and a job search feature.
- Real Warriors Campaign: If you are an injured veteran, this organization is a great resource to finding your post-military career.
- CareerOneStop: This virtual employment resource center offers tips and tricks on everything from networking to salary negotiations, so you can put your best foot forward.