17 Benefits Veterans and Their Families Should Take Advantage Of

Monthly Pension

Tax-free monthly pensions are paid to certain veterans 65 or older, but eligibility criteria are strict. Veterans must have very low income and meet certain service requirements, including having served at least one day during wartime.

They also must be totally and permanently disabled, nursing care patients, Social Security Disability Insurance recipients, or Supplemental Security Income recipients. Pension amounts are different for everyone, because they’re based on the gap between income and pre-set federal pension limits.

Veterans who are housebound or need daily help may receive more. Some low-income spouses and children of deceased war veterans are eligible for survivors’ pensions. Spouses who have remarried are ineligible, as are most children over 18 (or 23 if in school).