Wednesday, April 11, 2012

Connecticut town considers expanding veterans' tax breaks ...

The town council of Newington, Connecticut, is considering a measure to expand veterans' tax breaks. The money was originally intended for senior citizens and veterans to receive a tax break, but since then all $100,000 has been designated for veterans as a way to make their veterans' benefits go further. The plan came as part of the town's budget and projected tax rate evaluation process.

The council initially wanted to include the tax break for veterans of all income levels but found state law prevented such a plan. The state representative for Newington said she is working to pass a law that would allow an increase in veterans' benefits but that isn't likely to occur until next year.

The councilwoman who helped come up with the measure said tax cuts for seniors could be included in the next budget. The council has not finalized the tax cuts or the overall budget this year either.

The town's mayor pointed out that he believes most low-income veterans are also elderly, so they will receive the tax cut either way. But he didn't want to go along with the proposal if it hurts seniors.

Unfortunately, many veterans do not realize they qualify for such tax breaks or benefits. This is in part because of the myriad of programs and assistance available to veterans. There is no standard legal definition for who is a military veteran, making eligibility especially complex.

Members of the military who served during war time and who have a dependant may be eligible for up to $1,842 per month toward medical care and services. A spouse of a deceased veteran may also be eligible for benefits through the Aid and Attendance programs.

Source: Hartford Courant, "Republicans Seek To Increase Veterans Tax Breaks," Mark Spencer, April 4, 2012

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