Puerto Rico Statement for Vietnam Era Veterans and / or the Disabled

State:
Multi-State
Control #:
US-AHI-113
Format:
Word
Instant download

Description

This AHI letter is a statement for Vietnam-era veterans and/or the disabled which states that the company is committed to affirmative action programs for persons with disabilities.

How to fill out Statement For Vietnam Era Veterans And / Or The Disabled?

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FAQ

Territory of Puerto Rico Totally Disabled Veterans Property Tax Exemption: 100% disabled Veterans are eligible for a complete property tax exemption for their home.

Bill Benefits or who have exhausted their GI Bill benefits get free tuition at the University of Puerto Rico and its regional colleges. Puerto Rico also help educate their Veterans' dependents. Dependents of Veterans get their tuition at the University of Puerto Rico and its regional colleges at half off.

Puerto Rico veteran benefits provide several types of property tax exemption, each with its own eligibility criteria and exemption level, ranging from $500 to a complete property tax exemption.

Federal Income Tax Withholding stopped for legal resident Puerto Rico military members. Effective Nov. 1, 2017, the military pay systems were changed to no longer withhold federal income tax from the pay of members who claim a legal residence of Puerto Rico.

Territory of Puerto Rico (Regular) Veteran Property Tax Exemption: Veterans are eligible for a property tax exemption for up to $5,000 of the appraised taxable value of their home. The unremarried Surviving Spouse is also eligible for this exemption.

Retiring in Puerto Rico becomes an even more attractive option when you consider the generous tax policy known as the Individual Investors Act. Under this act, residents of Puerto Rico are exempt from paying island or federal income taxes on dividends, interest and capital gains.

VA Benefits Vietnam Veterans may be eligible for a wide-variety of benefits available to all U.S. military Veterans. VA benefits include disability compensation, pension, education and training, health care, home loans, insurance, vocational rehabilitation and employment, and burial.

Puerto Rico Veteran Financial BenefitsYour military pension is taxed based on where you served. If you retired at 20 years and served 5 years in Puerto Rico and 15 years outside Puerto Rico then 2/3 of your retirement income would not be taxed in PR.

There are several states that waive property taxes for 100% disabled veterans, including Florida, Texas, Virginia, New Mexico and Hawaii. These exemptions are available on principal residences only, not second or vacation homes. Often a surviving spouse who remains unremarried is also eligible for the benefits.

Your military pension is taxed based on where you served. If you retired at 20 years and served 5 years in Puerto Rico and 15 years outside Puerto Rico then 2/3 of your retirement income would not be taxed in PR. However, this would be taxed federally. You may be able to deduct your federal tax from your PR tax.

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Puerto Rico Statement for Vietnam Era Veterans and / or the Disabled