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Monday, January 19, 2015

What is the amount of the VA pension?

The amount of the pension will adjust for inflation, but at the time of this writing the basic pension for a veteran is about $1,000 per month.  If the veteran is homebound the amount goes up to about $1,200 per month.  Finally, if the veteran qualifies for the Aid and Attendance benefit the pension is over $1,600 per month.  The pension amount for a surviving spouse is approximately two-thirds of the veteran's pension.  If the veteran is married, the pension amount increases by just over $300 per month.  These are maximum amounts, and the actual pension will depend on the level of income.  Regardless of the amount, VA pensions are not taxable.


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