VA Offers Tax Help Resources For Veterans
At first glance you might not think they are associated, but we get many questions all year round about the tax implications of buying a home with a VA mortgage. Since we cannot provide legal or tax advice, we always refer our readers to the experts in these areas to get those questions answered.
The Department of Veterans Affairs official site has a blog titled VAntage Point, and in a recent post there was an announcement of free tax assistance available to veterans. According to “Filing Assistance Available for Veterans, Servicemembers During Tax Season”, there are a variety of free tax prep assistance resources available to currently serving military members and veterans alike.
The reason this free assistance may be quite valuable for VA home loan applicants and current home owners? These tax prep services may be able to help you better understand the tax implications of owning a home, making mortgage loan payments, paying property taxes, and other things related to buying and owning a home purchased with a VA mortgage.
Some tax breaks or incentives for owning a home in the past may or may not apply for this year’s tax filing season. Do you know which do and which do not count for your next set of tax forms? Getting free assistance may be a very good way to get caught up on what your tax needs are as a home owner.
If you need more information about VA loans, your taxes, and how the two might be related at tax time, contact the VA directly at 1-800 827-1000.
Do you have questions about VA home loans? Ask us in the comments section.