Past rates: 2022 va survivors pension benefit rates | veterans affairs

Va

Past rates: 2022 va survivors pension benefit rates | veterans affairs"


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From December 1, 2021, to November 30, 2022, the net worth limit to be eligible for Survivors Pension benefits is $138,489. On October 18, 2018, we changed the way we assess net worth to


make the pension entitlement rules clearer. Net worth includes your assets and annual income. When you apply for Survivors Pension benefits, you’ll need to report all of your assets and


income. NOTE: If your child’s net worth is more than the net worth limit, we don’t consider them to be a dependent when we determine your pension. Read our definitions below: ASSETS Assets


include the fair market value of all your real and personal property, minus the amount of any mortgages you may have. “Real property” means any land and buildings you may own. Your personal


property assets include any of these items: * Investments (like stocks and bonds) * Furniture * Boats ASSETS DON’T INCLUDE: * Your primary residence (the home where you live most or all of


the time) * Your car * Basic home items like appliances that you wouldn’t take with you if you moved to a new house Read more about how we define “assets” ANNUAL INCOME Annual income is the


money earned in a year from a job or from retirement or annuity payments. It includes any of these: * Salary or hourly pay * Bonuses * Commissions * Overtime * Tips We’ll subtract certain


expenses from your annual income when we assess net worth. We call these applicable deductible expenses. They include: * Educational expenses * Medical expenses you’re not reimbursed for


Read more about how we define “annual income” AN EXAMPLE OF NET WORTH AND ELIGIBILITY If you had $121,000 in assets and $14,000 in annual income, then your net worth would be $135,000. This


is less than the net worth limit of $138,489. So you would be eligible for Survivors Pension benefits.


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