Indiana state form 12662 2025

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Veterans with a 100 percent rating are eligible to receive VA long-term care benefits without paying any co-pays or deductibles.
Dont include disability benefits you received from the VA in your gross income. Examples of disability benefits include: Disability compensation and pension payments to you or your family. Grants for your home designed for wheelchair living.
VA disability benefits are automatically exempt because they arent included in your taxable income, so no application process is required.
Veterans with a 100% VA disability rating do not pay federal taxes on their VA disability compensation, as these benefits are tax-exempt by law. This applies regardless of the percentage rating, meaning that a 100% rating guarantees that VA disability payments will remain non-taxable.

People also ask

Totally Disabled Veteran Deduction Individuals who meet the totally disabled veteran requirements reduce the value of their property tax assessment by $14,000 or the amount of their assessment, whichever is less. The lower your assessment, the lower your property tax bill.
Over 65 or Surviving Spouse Deduction A lower assessed value means youll pay less in property taxes, lowering your property tax liability. You need to meet these requirements to qualify for this Indiana property tax deduction: You must have turned 65 or older by December 31 of the previous year.
Many states allow people with disabilities to qualify for a sales tax exemption when purchasing a vehicle. Individuals with mobility issues, paraplegics, and disabled veterans who satisfy the requirements can take advantage of this exemption.

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