Can I receive Social Security benefits in addition to veterans disability benefits?
Yes, it is possible to receive Social Security benefits in addition to veterans disability benefits in New Jersey. Generally, if you are eligible to receive Social Security benefits, you may also be eligible for veterans disability benefits. However, payments you receive for veterans disability benefits may affect the amount of Social Security benefits you are eligible to receive. Most veterans who receive disability benefits from the Department of Veterans Affairs (VA) receive a reduced rate of Social Security benefits. This is because the Social Security Administration (SSA) assumes that a portion of your disability benefits compensate you for your disability and reduce the amount of Social Security benefits you are eligible for. This is referred to as the "offset" or "windfall" offset. In addition, receiving veterans disability benefits can also affect the amount of Supplemental Security Income (SSI) benefits you may receive. If you receive SSI benefits, your veterans disability benefits may reduce the amount of SSI benefits you receive. SSI benefits are reserved for those who have very limited income and resources and who are considered to be among the most vulnerable members of our society. Generally speaking, veterans disability benefits are considered non-taxable income. However, Social Security benefits and SSI benefits are taxable. You should speak with a qualified legal professional to determine if you are eligible for veterans disability benefits and to understand the potential tax implications of receiving both veterans disability benefits and Social Security or SSI benefits.
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