Va housebound rates Form 2023-2024

Va housebound rates Form: What You Should Know

The A&A or Housebound rate is payable when a retiree, discharged veteran or surviving spouse or veteran is found to be incapacitated and unable to work, or incapable of working while providing a financial support.  The benefit is calculated on the number of days a retiree, discharged veteran or surviving spouse or veteran receives the financial assistance in a day, divided by  days worked or a monthly salary received. A&A and Housebound Pension Benefits The A&A monthly salary is based on the number of hours worked or a monthly income received, divided by 3,400 (for example, if a retiree worked 4,200 hours per month and was paid 3,250 for the year, he or she would receive a pension at  A&A rate of approximately 23.20 per day.  Note: If you are receiving more than 12,400 you can deduct this amount from your benefits. The A&A benefit is not taxable. Housebound Allowance  Housebound means receiving money in addition to the A&A and pension benefit for a person who is housebound.  To qualify for this benefit, a person must suffer from an incapacitating condition that would preclude a disabled veteran from being able to work and also must qualify for a pension.  The benefit is computed based on the following: 1. the number of days worked in a month divided by hours worked in a month; 2. The total of all income received; 3. 25 per day Note: Housebound is determined based on income, not age. For retirement pensions, for example, a person at the age of 60 who has never worked can qualify for a pension but not a Housebound pension benefit.  VA is responsible for determining your eligibility based on the information provided.  For more information, go to the U.S. Department of Veterans Affairs website: The benefit is not payable if: 1. The benefit is determined by or on behalf of the Veterans Benefits Administration (VA); 2. The retiree or surviving spouse is dead; 3. The benefit is determined based on the amount of the pension determined for the veteran, as provided for under the Veterans' Preference Act (VIA); 4.

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