The short answer is no. According to the Department of Veterans Affairs and the IRS, education benefits – including tuition fees, housing and books – are not taxable, and you do not need to report them on your tax return as income. “Payments you receive for education, training, or subsistence under any law administered by […]
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The GI Bill is a valuable education benefit for military service members and veterans. This tax-free benefit can help you pay for your tuition, books and even housing costs. Here’s what you need to know about using these benefits. Determine Your Eligibility First, confirm that you are eligible for GI Bill benefits. The Department of […]
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The Post-9/11 GI Bill monthly housing allowance (MHA) rate for full-time students enrolled in an online college, school or distance-learning program is $938.50 per month until July 31, 2023. Even though BAH rates are effective as of Jan. 1, 2022, the effective date for Post-9/11 GI Bill MHA adjustments is the beginning of the academic […]
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Can you transfer your GI Bill benefits to your spouse or children? Yes. In June 2009, the Department of Defense outlined the rules for transferring your GI Bill benefit to your dependents, and then updated them in 2018. Here’s what you need to know. Who Is Eligible to Transfer GI Bill Benefits? According to DOD, […]
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Qualified service members who choose a career in military medicine may be eligible for up to 100% medical school tuition coverage. Additionally, military medical practitioners don’t have to purchase malpractice insurance. These perks can make military medicine an attractive option for students considering medical school. If that’s you, here’s what you need to know. Paying […]
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Military spouses make tremendous sacrifices for their country. The stress of moving, deployments, new jobs and the constant unfamiliar faces can be overwhelming and exhausting. There are some hidden perks of the job you may not know of or be taking advantage of. One of them being military spouse scholarships. There are many different types […]
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VA education benefits for dependents include options under the GI Bill, Yellow Ribbon program and scholarship funds. Eligible dependents are defined as immediate family members (i.e., spouse, child, adopted stepchild). Options from the VA depend on the nature of the active duty service member’s or veteran’s service, time spent in uniform, and what GI Bill […]
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Many veterans know about the basic health care and education benefits available to them through the Department of Veterans Affairs. Numerous other programs exist to help veterans and their families with valuable benefits like financial assistance for medical care. Even within the health care and education programs there are little-known benefits to improve the lives […]
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The military, government, schools and private organizations offer many ways for military spouses to obtain an education. These include financial assistance, school guidance, assessment tools, career exploration and more. Below we walk through different education benefits for military spouses. Veterans Affairs Programs Marine Gunnery Sgt. John David Fry Scholarship: The Fry Scholarship provides up to […]
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The Military Spouse Career Advancement Accounts (MyCAA) program provides up to $4,000 (over 2 years) of Financial Assistance for military spouses who are continuing their education by pursuing a license, certification, or Associates degree in a portable career field and occupation. About MyCAA The Military Spouse Career Advancement Accounts Program (MyCAA) is a career development and […]
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