This week, the IRS advised U.S. veterans who received disability severance payments after January 17, 1991 and included that payment as income to file an amended U.S. Individual Income Tax Return, to claim a credit or refund of the overpayment attributable to the disability severance payment. This is a result of the Combat-Injured Veterans Tax Fairness Act passed in 2016. If you are a veteran, or know someone who is, please share this important information.
Most veterans ... Read More