Veterans' Guide to Retiring in Iowa
By Tanya Bricking Leach |
Friday, 05 Jun 2015 01:20 PM
Although Iowa doesn't have many major military installations, the state does offer some retirement perks for military veterans. Here are several programs veterans retiring to Iowa may want to check out:
Free Retirement Calculator: When Can You Retire? — Click Here to Find Out
- The Injured Veterans Grant -
Iowa injured veterans can apply for an Injured Veterans Grant of up to $10,000, if they sustained serious combat-related injuries after Sept. 11, 2001.
- Homeowner Assistance
- You may eligible for a $5,000 homeowner assistance grant to buy a home in Iowa, if you served on active duty after Sept. 11, 2001 and meet other requirements.
- Property Tax Exemption
- Your assessed home value could be reduced for property tax purposes by $1,850 if you qualify for the property tax exemption benefit. Visit the Iowa Department of Veterans Affairs website for details.
- Disabled Veteran's Homestead Tax Credit
- The Disabled Veteran's Homestead Tax Credit provides 100 percent exemption of property taxes for 100 percent disabled service-connected veterans.
- Military Tax Exemption
- The military tax exemption prevents federal retirement pay received for military service and survivor benefits from being taxed for state individual income tax.
- Veterans' License Plates and IDs
- Honorably discharged veterans can request the "Veteran" designation on their license plate and driver's license.
- Lifetime Hunting and Fishing Licenses
- Qualifying veterans can receive a lifetime hunting or fishing license for a $7.
How Soon Can You Retire? Free Test Shows You When — Click Here
- Iowa Veterans Trust Fund
- Vets can apply for trust-fund assistance for unemployment or underemployment related to service-related causes. The Iowa Veterans Trust Fund also helps with medical needs, substance-abuse services, housing repair and emergency housing. Trust fund expenditures must be approved through the Iowa Veterans Commission.
- Iowa Veterans' Home -
The state runs a Veterans' home in Marshalltown with 113 residential and 642 nursing beds. Cost is based on need, and spouses may be eligible for admission.
- Iowa Veterans Cemetery
- The Iowa Veterans Cemetery, 10 miles west of Des Moines, is available to all veterans, their spouses and dependent children for burial. Honorably discharged veterans will be interred at no charge while spouses and dependents can be buried for a relatively inexpensive fee.
An Extremely Simple Way to Determine If You're Ready to Retire — Find Out Now
© 2017 Newsmax. All rights reserved.
FastFeatures
Although Iowa doesn't have many major military installations, the state does offer some retirement perks for military veterans. Here are several programs veterans retiring to Iowa may want to check out:
retirement, Iowa, veterans
385
Friday, 05 Jun 2015 01:20 PM
2015-20-05
Friday, 05 Jun 2015 01:20 PM
PLEASE NOTE: All information presented on Newsmax.com is for informational purposes only. It is not specific medical advice for any individual. All answers to reader questions are provided for informational purposes only. All information presented on our websites should not be construed as medical consultation or instruction. You should take no action solely on the basis of this publication’s contents. Readers are advised to consult a health professional about any issue regarding their health and well-being. While the information found on our websites is believed to be sensible and accurate based on the author’s best judgment, readers who fail to seek counsel from appropriate health professionals assume risk of any potential ill effects. The opinions expressed in Newsmaxhealth.com and Newsmax.com do not necessarily reflect those of Newsmax Media. Please note that this advice is generic and not specific to any individual. You should consult with your doctor before undertaking any medical or nutritional course of action.