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My husband is considering going back to school. He is former military and would qualify for VA benefits, which would include a MHA (monthly housing allowance). Would the amount he recieves for the MHA be taxable income? I know when we were active military the BAH (basic allowance for housing) was NOT taxable income. But I'm not quiet sure about the MHA.
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My dh just started back to school and is getting a post 9/11 GI bill that has housing assistance. I'm not sure on the taxable part either, but thought I'd let you know about that GI bill incase he was deployed after 9/11. They pay school and housing based on the amount of time deployed. My dh gets 50% of tuition, 50% of books, and 50% of base pay housing based on his amount of time deployed. Between that and financial aid, he actually got back $120happyface!Comment
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Thanks, this is good info to know. He did serve ine tour overseas after 9/11. He will check with the VA as to exactly what his benefit amt is. I was reading up on it and thought he would get 100% of the housing and tuition covered, but I guess it may be less. Thanks again ;-)
QUOTE=mema;331035]My dh just started back to school and is getting a post 9/11 GI bill that has housing assistance. I'm not sure on the taxable part either, but thought I'd let you know about that GI bill incase he was deployed after 9/11. They pay school and housing based on the amount of time deployed. My dh gets 50% of tuition, 50% of books, and 50% of base pay housing based on his amount of time deployed. Between that and financial aid, he actually got back $120happyface![/QUOTE]Comment
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Here is the chart for based on number of months deployed. My dh fell just under the 12, so he gets the 50% instead of 60%, but hey, every little bit helps!
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