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Q: As a disabled veteran will i get another stimulus payment of 250 for 2010?
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Do i as a disabled veteran pay income tax on the disability payments?

If your disability payments are through the VA then they are tax free and are not considered taxable income.


Do you have to file veteran pension on tax return?

Yes absolutely. All retired military personnel are required to file a tax return on all withheld federal taxes shown on their form 1099R.


What happens if you are late with property taxes in NJ?

What happens depends on how late you are and what town the property is located in.I will explain in chronological order.Say you did not pay the first quarter tax bill.It was due February 1st.You have a grace to February 10th with no penalty (interest).If February 10th is a weekend day (Sat or Sun) Grace is extended to the first Monday after Feb 10th - so it could be extended to the 11th or 12th at the latest with no penalty.Interest is always applied retroactive to due date, not grace date!If the grace passes and you have still not paid property taxes, you will pay interest.Example: You pay on February 20th and the grace to pay was February 10th:Interest will be charged for 20 days of lateness because grace period does not apply when interest is involved.Interest is charged a per diem amount and each town usually has a different per diem rate. Per diem meaning a daily rate where as each passing day a few more cents (or dollars) of interest accumulates on overdue principal.If you owe more than one quarter of taxes:If two, three, or four quarters remain of unpaid property taxes the risks become greater and logically so does the interest amount.If the total principal of overdue tax bill is in excess of $1,500.00 you will be subject to an 18% interest rate on overdue principal. This is certainly a bad position to be in but it can get worse.Continual unpaid property taxes become liens:This depends on the town where property resides as to how fast your property will get a lien. There are two types of lien sales. Every municipality in NJ must chose one or the other - Calendar Tax Sale or Accelerated Tax Sale.Most towns hold a Calendar Tax Sale.Calendar Tax Sale:Held once a year for properties with delinquencies.Most (not all) towns hold a calendar tax sale late in the calendar year - usually December, occasionally November or October but they can be held any month of the year.Eligibility example:Town Holds Calendar Tax Sale on 12-15-09.All unpaid property taxes from 2008 are eligible and will be sold to a lien investor.Any unpaid 2009 property taxes will not be eligible for tax sale on 12-15-09 but the investor who buys the lien on 12-15-09 can pay any unpaid taxes from 2009 (usually) 10 calendar days after the tax sale is held.Accelerated Tax Sale:Lets say your property resides in a town which holds accelerated tax sales.Accelerated tax sales are almost always held in December, but occasionally vary.Example: Accelerated Tax Sale Date is 12-15-09Any unpaid property taxes from 2009 are eligible and will be sold sold to a lien investor.Comparison:A property owner risks having a lien against his/her property obtained quicker if property resides in town which has an Accelerated Tax Sale verse a Calendar Tax Sale!Again:Accelerated tax sale can have ANY UNPAID TAXES sold to a lien investor at time of tax sale.Calendar tax sale can only occur on properties with unpaid taxes from previous calendar year. So if sale is held in 2009 - only unpaid 2008 taxes are eligible for lien.If you already have a lien against your property:If the lien remains unpaid for two years past the original tax sale date then the lien holder may start foreclosure proceedings against your property. You must be notified of proceedings and the municipal tax office will also be informed (usually by snail mail).When foreclosure date arrives you will forced to leave property.How to save property from foreclosure proceedings in NJ:Variables are of course involved but there are two ways to save property from being foreclosed.Refinance your home - if you have enough equity in the home and can get approved for a loan you will be able to refinance and apply proceeds to pay off lien charges and avoid foreclosure.Option #2: File for BankruptcyEligibility requirements apply and so do many variables. You should/must contact a Bankruptcy Lawyer who specializes in real estate.Whether cashing out equity in your property or filing bankruptcy to avoid foreclosure one thing is constant: The municipality will get the monies owed. You can't avoid this fact unless you are a Disabled Veteran who served in the military. Disabled Vets are 100% property tax exempt in the state of NJ.One last thing to keep in mind:Overdue Water and/or Sewer billing can also be lien-able if billed through the Township in which your property resides. If the property is billed water/sewer through a private company than 9 times out of 10 overdue principal can't be sold to a lien investor at tax sale.


Related questions

Is assaulting a disabled veteran a felony?

yes


Can I legally harass a disabled combat veteran?

Of course not! Harassment of anybody, veteran or not, is a criminal activity.


What are MFVD acronyms for?

Male, Female, Veteran, Disabled (employment)


Do you need a fishing license in south padre island if you are a retired disabled veteran?

Yes you do. You will need a fishing license with a saltwater tag but since you are a disabled veteran you get the super combo license free.


Are you eligible for military preference points?

5 % veteran or 10% disabled.


Where can a disabled veteran find a trike or motorcycle for free?

There are no free ones.


What disability percentage can a disabled veteran use the military commissary?

100%


Are there any veteran owned clothing companies?

Yes. You should check out dribblebabies.com. I think it is a service disabled veteran owned business.


What is an example of a public transfer payment?

what is an example of a free contract


100percent Disabled Veteran Free Parking Yes or NO?

This question requires more information. Each state is entitled to vary their veteran's benefits as they so choose. Many states offer free metered parking to disabled veterans who are issued official permanent DMV/BMV Disabled American Veteran license plates for their vehicles. These privileges may only be used when the disabled veteran is driving or being driven in the vehicle. Typically, this benefit is only applicable to metered parking. Parking garages, private parking, and venue parking (ball fields, etc) may all charge for parking - and most do. Regardless, a disabled veteran must be issued the permanent license plate to receive the benefit. In addition, most states do not require a veteran to be 100% disabled (service or compensable) to receive the benefit.


Which WW2 veteran was disabled and won the republican nomination in 1996?

Bob Dole


Can spouse take the home of a 100 percent disabled veteran in a divorce?

tricare