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How To Register With Veterans Affairs
How To Negotiate Loan Reinstatement
How To Sign Up For Va Benefits
How To Apply For Social Security And Disabled Veterans Benefits
How To Determine If You Are 100% Total & Permanent On Veterans Disability
How To Get Put In The System Of The Veterans Administration In Virignia
How To Transfer Va Benefits
How To Qualify For A Government Housing Loan
How To Get A Va Home Loan
How To Get A Home Loan
How To Use The Gi Bill After Discharge
How To Buy A Home Using Va Benefits
How To Determine Balance On A Gi Bill
How To Obtain A Va Home Loan At Age 65
How To Purchase A Foreclosed Home With A Va Home Loan
How To File A Veterans Claim
How To Find Out About U.s. Veterans Administration Benefits
How To Get Home Health Care Through The Va
How To Obtain A Teaching Certificate In Va
How To Calculate Va Retroactive Payment
By Kayla LoweWhen you apply for Veterans' Administration benefits, your claim is retroactive from the date you applied. Therefore, in most cases you will receive a lump sum of back pay from the date you put in your claim before you begin receiving your monthly VA benefits. If you want to calculate your VA retroactive payment, you can do so with simple mathematics.
Determine the date you filed your VA claim, and then determine the date you received your award letter notification. Count the number of months between those dates.
Look at your award letter notification to determine what your monthly benefits will be. Your monthly award amount should be listed on your award letter.
Multiply your monthly benefits award amount by the number of months it's been since you filed your claim to calculate VA retroactive payment. For instance, if you are entitled to receive $800 per month and you filed your claim 6 months ago, you would multiply $800 by 6, meaning that your VA retroactive payment will equal $4800.
The longer it takes the VA to make a decision on your claim, the more your VA retroactive payment will be (if your claim is approved).
Beware of spending your VA retroactive payment before you actually receive it. If there is an error in the VA's original calculations, your payment could be revoked or adjusted, or you might not receive your payment when you expect it.