Guide to VA Asset and Income Limits 2021
Assets and Income are combined to determine the total net worth of the veteran and their spouse. These include salaries, investments and retirement payments and other income received from benefactors.
From December 1, 2020 to November 30, 2021 – the annual net worth limit to qualify for VA pensions is $130,773. Below is a list of items to help you determine which income and assets are “counted” to check if you’re within the set limit.
Counted as Income
- Gambling Winnings
- Gifts of Stock or Property
- IRA & 401K Withdrawals
- Social Security
- Social Security Disability
- VA Compensation
- VA DIC (Dependency and Indemnity Compensation)
- Revocable Trust
Counted as Assets
Investments, Stocks and Bonds
NOT Counted as Income
Assistance Contributions from Non-Profits
Family Assistance to Maintain the Vet’s Home
Installment Sales of Property (in certain situations)
Life Insurance Payments or Cash Surrender Value
Supplemental Security Income (SSI)
VA Pensions (Housebound and A&A)
Loans from Reverse Mortgages
Long Term Care Reimbursements
Medical Expenses Not Covered by Insurance
NOT Counted as Assets
What is MAPR And How Is It Determined?
MAPR is the maximum amount of pension that a veteran, surviving spouse or dependent child could receive. The MAPR is determined according to the number of dependents and whether they have disabilities and receive Housebound or Aid and Attendance benefits.
Congress adjusts the MAPR each year according to the rising cost-of-living. Below you will find your MAPR amount based on VA’s latest figures:
|With No Dependents and –||MAPR $|
|You don’t qualify for Housebound or Aid & Attendance Benefits||13,931|
|You qualify for Housebound Benefits||17,204|
|You qualify for Aid & Attendance Benefits||23,238|
NOTE: If you have medical expenses, you may deduct only the amount that’s above 5% of your MAPR amount ($696 for a Veteran with no spouse or child).
With One Dependent and –
You don’t qualify for Housebound or Aid & Attendance Benefits
You qualify for Housebound Benefits
You qualify for Aid & Attendance Benefits
- If you have more than one dependent, add $2,382 to your MAPR amount for each additional dependent.
- If you have a child who works, you may exclude their wages up to $12,550.
- If you have medical expenses, you may deduct only the amount that’s above 5% of your MAPR amount ($912 for a Veteran with 1 dependent).
|Two Veterans Married to Each Other and –||MAPR $|
|Neither of you qualifies for Housebound or Aid and Attendance benefits||18,243|
|One of you qualifies for Housebound benefits||21,337|
|Both of you qualify for Housebound benefits||24,428|
|One of you qualifies for Aid and Attendance benefits||27,549|
|One of you qualifies for Housebound benefits and one of you qualifies for Aid and Attendance benefits||30,635|
|Both of you qualify for Aid and Attendance benefits||36,861|
How To Compute Your Annual VA Pension Amount
|Sample: Surviving Spouse with One Dependent Child||Amount $|
|MAPR with Aid & Attendance||27,549|
|Annual VA Pension||17,549|
Once you’ve determined that your income is within the prescribed limit and you might qualify for VA Pension, Aid and Attendance, and Housebound Benefits book your free consultation meeting with our team at Crider Law and we’ll help you complete the process of claiming the benefits that you so rightfully deserve for your service.
Whether it’s your first time to file a claim, pursuing an appeal or just want to learn more about your rights and entitlements under the VA pension program, we will support you every step of the way.