|How To Get A Personal Loan With Fair Credit|
How To Claim Va Benefits
How To Add Up Va Disability
How To Get A Veterans Administration House Loan
How To Get Your Va Education Without An Honorable Discharge
How To Find Out The Status Of A Va Claim
How To Apply For Veterans Disability
How To Get Flags Presented At Funerals For The Military
How To File A Complaint Against A Department Of Veterans Affairs Psychologist
How To Find My Va File Number
How To Replace A Veterans Headstone
How To Apply For A Va Home Loan
How To Get Medical Records From The Veterans Administration
How To Get A Home Loan
How To Calculate Home Loan Eligibility
How To Find A Va Lender
How To Write A Letter Of Administration
How To Check My Gi Bill Balance
How To Request An Increase In Compensation From Veterans Affairs
How To Apply For Va Benefits For Ptsd
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.