Illinois Veteran Financial Benefits

• Income Tax.
• World War II Bonus Payment.
• Korean, Vietnam, Persian Gulf, and Global War on Terrorism (OIF, OEF) Bonus.
• Vietnam Veteran Survivors Compensation.
• POW Compensation.
• Specially Adapted Housing Tax Exemption.
• Returning Veterans’ Homestead Exemption.

What legally constitutes a veteran?

The term “veteran” means a person who served in the active military, naval, or air service, and who was discharged or released therefrom under conditions other than dishonorable.

How do I get a veterans ID card in Illinois?

The process is simple. First, veterans must obtain official certification from the Illinois Dept. of Veterans’ Affairs (IDVA). They can do so by visiting one of the IDVA offices throughout the state and providing a copy of their DD-214 or Certification of Military Service (NA Form 13038).

Do veterans have to pay property taxes in IL?

Beginning in tax year 2015, a $2,500 homestead exemption is available to a veteran with a service-connected disability of at least 30% but less than 50%; a $5,000 homestead exemption is available to a veteran with a service connected disability of at least 50% but less than 70%; veterans with a service-connected …

Do veterans get a discount on license plates in Illinois?

While Illinois does not offer a veteran-specific vehicle registration benefit, they do offer a discount on license plate fees to those 65 and older, or totally disabled persons 16 and older, including military veterans.

Can a veteran be active duty?

Active Duty Service Members: Veteran Status Any individual who was previously on active duty service in the Army, Air Force, Navy, Marine Corps, and Coast Guard, and was discharged for reasons other than dishonorable, are considered as veterans.

What does the N stand for in veteran?

N — Never. I say never because we should never forget our veterans who have served and paid the ultimate sacrifice.

Can I add veteran to my driver’s license?

Veterans Designation may be added by the Department of Motor Vehicles to driver’s licenses or identification cards. There is no fee, but applicants must qualify, provide proof of honorable discharge military service and pay the initial, renewal or duplicate driver’s license or ID fee.

At what age do you get a property tax break in Illinois?

65 years of age
This program allows persons 65 years of age and older to defer all or part of the real estate taxes and special assessments (up to a maximum of $5,000) on their principal residences. The deferral is similar to a loan against the property’s market value.