According to the DoD and IRS more than 130,000 disabled veterans who took a lump-sum disability severance are due a tax refund. The tax refund is owed because the Defense Finance and Accounting Service (DFAS) had used an outdated process to determine tax withholding on military disability severance payments. Unfortunately, very few veterans knew to apply for a refund or the value of doing so. Get the full story in this week’s Military Update on Military.com.
Thousands of Disabled Vets Owed Tax Refunds
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