The Department of Veterans Affairs' automobile grant increased to a maximum of $21,488.29 effective Oct. 1 for fiscal 2020.
The fiscal 2019 maximum amount was $21,058.69.
The automobile grant is a tax-free benefit available for veterans who buy a new or used vehicle and have service-connected disabilities including:
- Loss, or permanent loss of use of one or both feet
- Loss, or permanent loss of use of one or both hands
- Permanent impairment of vision in both eyes to a certain degree
- Severe burn injury
- Amyotrophic Lateral Sclerosis (ALS).
The VA pays the grant directly to the vehicle's seller for the total price, up to $21,488.29. If it costs more than that, you must make up the difference.
You can receive this grant only once.
If you qualify for the automobile grant and suffer from joint immobility of your knees or hips which was a result of your military service, you may also qualify for the adaptive equipment grant -- a separate program that is payable more than once.
You must be approved for this grant by the VA, so don't just go out and buy a car, hoping to be reimbursed. Fill out the paperwork and get it approved BEFORE you begin shopping.
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