Liberty Tax Wants Combat-Injured Veterans to Know They May Have Been Overtaxed and Are Eligible for Refund
LIBERTY TAX (TAX)
Last liberty tax earnings: 9/6 06:30 am
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US:NASDAQ Investor Relations:
ir.libertytax.com/investor-relations
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Source: GlobeNewswire
VIRGINIA BEACH, Va., Feb. 08, 2018 (GLOBE NEWSWIRE) -- Liberty Tax, Inc. (NASDAQ:TAX) Liberty Tax proudly supports our military men and women who risk their lives every day to protect our freedoms and liberties. Liberty Tax applauds the hard work of Congress, particularly Sen. Mark Warner (D-Va.), who advocated for passage of the Combat-Injured Veterans Tax Fairness Act of 2016, which gives those veterans what they are owed – a refund on federal taxes improperly withheld from disability severance payments. Sen. Warner announced this week that the Department of Defense (DOD) will begin the process of notifying more than 130,000 combat-injured veterans that they may qualify for a federal tax refund. Veterans who received disability severance payments, as far back as 1991, may soon receive a letter notifying them that they were improperly taxed on those payments. Qualified veterans will have only one year to claim their refund by filing an amended federal tax retur
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