The Department of Veterans Affairs administers three different pension programs for veterans and their dependents. Normally, a pension is payable only to those with low incomes, as determined by federal law.
The pension normally makes up the difference between a person's income and the income levels set by Congress. These income levels differ based on number of dependents and change every year. The pension amounts are also higher if the veteran or dependent requires specialized medical care or is housebound.
All of these pensions are tax-free.
Medal of Honor Pension
Medal of Honor recipients are entitled to a pension for life. This entitlement is not based on income level or need. Congress set the monthly pension at $1,671.16 for 2023.
See: Medal of Honor Brings Benefits for Life
Veterans Pension
The Veterans Pension is a monthly payment to veterans with income below certain levels. The veteran must have served at least one day during a wartime period and be at least one of the following:
- 65 years or older
- Permanently and totally disabled
- In a nursing homer
- Receiving Social Security disability
- Receiving Supplemental Security Income
Survivors Pension
Survivors Pension, also known as the "death pension," is a monthly payment to low-income, un-remarried surviving spouses and certain children of deceased wartime veterans.
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