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ND=NC
Guest
Ok, I'm going to ask my dad when he gets home, but I'll go here and see what you guys say.
My dad retired from the military a few years ago, got a civilian job, and as far as I know, he is collecting his pension. By doing this, he has raised his salary by 50%.
But is the $$$ he is receiving from the government for retired tax free? I'm asking for College and financial aid forms depend on it. I was playing around with FA calculators and if I incorporate his pension with his regular pay, our EFC number is high, but not unbearable.
Then I put the $ he is receiving from the government under "Untaxed Benefits/Income" and the EFC skyrocketed to a number I knew we would never be able to afford.
So, I know 99% of people here would want it to be tax free, but is it?
My dad retired from the military a few years ago, got a civilian job, and as far as I know, he is collecting his pension. By doing this, he has raised his salary by 50%.
But is the $$$ he is receiving from the government for retired tax free? I'm asking for College and financial aid forms depend on it. I was playing around with FA calculators and if I incorporate his pension with his regular pay, our EFC number is high, but not unbearable.
Then I put the $ he is receiving from the government under "Untaxed Benefits/Income" and the EFC skyrocketed to a number I knew we would never be able to afford.
So, I know 99% of people here would want it to be tax free, but is it?