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Veterans’ Corner: Social security options for veterans
Social Security pays benefits to people who cannot work because they have a medical condition that is expected to last at least one year or result in death. Federal law requires this very strict definition of disability. While some programs give money to people with partial disability or short-term disability, Social Security does not. Social Security retirement benefits are partially funded through payroll taxes during a person’s time in the workforce. Anyone who has worked at least 10 years and made a minimum of $4,480 a year becomes eligible for Social Security benefits once they reach retirement age. Likewise, veterans also pay Social Security taxes during their time in the service. Tax rates for veterans are the same across the board, whereas civilians are taxed at different rates based on how much money they make...Read More
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