Form Idr 54-049a - Application For Disabled Veteran Homestead Tax Credit Page 2
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2IOWA
Application for Disabled Veteran Homestead Tax Credit
Iowa Code Section 425.15
FACT SHEET
I am 100% Service-Related Disabled, do I qualify? If your disablity is permanent 100% service-related
disability. you qualify.
I am paid at the 100% disability rate based on my
If your disability is permanent and total, you are eligible.
IU Rating. Am I eligible?
What do I need to provide to get the tax credit?
Provide this application, a DD214 form, and a current
Benefits Paid letter issued within 12 months of
your application date. To protect your privacy, do not send
any personal health information.
Where do I go to get a Benefits Paid letter?
The Benefits Paid letter must come from the federal VA.
Visit with your local VA office to help get the process
started, or call 800-827-1000, or go to your e-benefits
account online.
When are applications due?
Applications are due to your local assessor by July 1 of the
assessment year.
How many tax credits may I receive?
As a Veteran, you are entitled to one Disabled Veteran
Homestead Tax Credit in the state of Iowa.
Do I have to reapply every year?
Reapplication is not required.
Upon the filing and allowance
of the claim, the claim is allowed on the homestead
for successive years without further filing, as long as the
property is legally or equitably owned
by someone who falls
under one of the four categories of ‘owner’ listed in Iowa
Code section 425.15, and used as a homestead by
that
person on July 1 of each of those successive years.
Is there a limit on the
value of the homestead?
here is no limit to the amount of exemption but it may only
T
encompass one property that is less than 40 acres in a rural
area or less than 1/2 acre in an urban area.
If I am in a care facility, can I still get the credit?
If the home is still in your name, refer to Iowa Code Section
425.11(1)
to determine if the credit will continue.
If I die, can my spouse still get the credit?
A surviving spouse of a qualified veteran may continue to
receive the credit already granted to the homestead until the
spouse changes homesteads or remarries.
If the surviving spouse changes homesteads, or the
homestead did not receive the credit during the qualified
veteran’s life, the surviving spouse will need to provide a
current DIC (Dependency and Indemnity Compensation) or
CPD (Compensation and Pension Death) letter to receive the
tax credit.
IDR 54-049b (04/01/15)
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