waive va benefits
A member who waives his or her retired pay in order to receive VA compensation or a pension may benefit for these reasons: 1  VA benefits are nontaxable income for federal, state, and local income taxation. 2  VA benefits may exceed the retired pay entitlement.
What are the eligibility requirements for a waiver? To be eligible for waiver considerations, you must be a Veteran, a payee or beneficiary including a fiduciary, a representative acting on behalf of a debtor such a parent, sibling, or a representative of an estate in the case of a deceased payee. To apply for a waiver, you must submit the following items: