Question about "Countable Income" for aid and assistance benefit????

Discussion in 'General Discussion' started by jkturbev, Aug 19, 2007.

  1. jkturbev

    jkturbev Newbie

    How does a savings account or CD affect the monthly aid and assistance benefit?? Does the total value of the accounts count as your "countable income" or does just the interest earned count towards countable income??
     
  2. veteranadvocate

    veteranadvocate Full Member

    The value of the CD or account will be considered when the VA reviews assets or net worth. The monthly interest earned will be counted as income. This is why it is very important to keep track of all deductable expenses. They can add up in a hurry and help reduce income.
     

Share This Page