Some veterans who accustomed affliction severance payments afterwards Jan. 17, 1991, and claimed the acquittal as assets could accept a acclaim or acquittance from the Internal Revenue Account for overpayment of taxes.
Those veterans should book Form 1040X, Adapted U.S. Individual Assets Tax Return, the IRS said aftermost month.
The change in the cachet of the affliction severance payments derives from the Combat-Injured Veterans Tax Fairness Act anesthetized by Congress in 2016.
Most veterans who accustomed a ancient lump-sum affliction severance acquittal aback they afar from aggressive account accept accustomed or will be accepting a letter from the Department of Defense with advice answer how to affirmation tax refunds. The letter includes an account of a simplified adjustment for authoritative the claim.
The IRS has formed carefully with the Department of Defense to aftermath the letters, answer how veterans should affirmation the accompanying tax refunds.
There is a time absolute to authoritative the affirmation — one year from the date of the letter from the Defense Department or the accustomed limitations of claiming a acquittance — whichever is longer. Taxpayers usually can affirmation tax refunds aural three years from the due date of the return.
The one-year absolute is abnormally important aback some of the claims may be for refunds of taxes paid as far aback as 1991, the IRS said.
When authoritative a claim, veterans can abide a affirmation based on the absolute bulk of their affliction severance acquittal by commutual Form 1040X or affirmation a accepted acquittance bulk based on the agenda year in which they accustomed the severance payment.
Write “Disability Severance Payment” on band 15 of Form 1040X and access on curve 15 and 22 the accepted acquittance amount: $1,750 for tax years 1991-2005; $2,400 for 2006-2010 or $3,200 for 2011-2016.
All veterans claiming refunds for overpayments attributable to their lump-sum affliction severance payments should address either “Veteran Affliction Severance” or “St. Clair Claim” beyond the top of the advanced folio of the Form 1040X that they file.
Because all adapted allotment are filed on paper, veterans should mail their completed Form 1040X with a archetype of the Defense Department letter to: Internal Revenue Service, 333 W. Pershing St., Stop 6503, P5, Kansas City, MO 64108.
Veterans acceptable for a acquittance who did not accept a letter from the Defense Department still may book Form 1040X to affirmation a acquittance but charge accommodate the afterward to verify the affliction severance payment:
• A archetype of affidavit assuming the exact bulk of and acumen for the affliction severance payment, such as a letter from the Defense Finance and Accounting Services answer the severance acquittal at the time of the acquittal or a Form DD-214.
• A archetype of either the VA assurance letter acknowledging the veteran’s affliction or a assurance that the veteran’s abrasion or affection was either incurred as a absolute aftereffect of armed conflict, while in extra-hazardous service, or in apish war exercises, or was acquired by an action of war.
Veterans who did not accept the Defense Department letter and who do not accept the appropriate affidavit assuming the exact bulk of and acumen for their affliction severance acquittal will charge to access affidavit by contacting the Defense Finance and Accounting Services by email at www.dfas.mil/dsp_irs .html. The agency’s email is d[email protected]mail.mil.
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