Veterans Benefits Network-VACP Treas 310 (2024)

VACP Treas 310

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Veterans Benefits Network-VACP Treas 310 (1)

wesley982002

4

wesley982002

4

    Oct 15, 2014#1

    Good day,

    I retired as Tera on July 31, 2014. My Disability came out 80%, I also received my brown packet Oct, 9th. This morning I received an amount of $502.55 in my checking account. From what I was told disability is paid every first of the month. It is only the mid month and only received $502.55. Can anyone tell me what is that for? Thank you.

    Retired TopKick

    11K7,542

    AdministratorVeterans Benefits Network-VACP Treas 310 (2)

    Retired TopKick

    11K7,542

      Oct 15, 2014#2

      Hello and welcome to VBN and thank you for your service.

      Do you have an ebenefits premium account? If so what is it saying in your ebenefits account VA payment account. There is always a reason that goes with the payment such as "retro", "recurring" etc. What does it say in "what we decided" section of your decision letter? Have you called the 800-827-100 phone rep to see what it is for?

      I can tell you that the amount you received IS NOT the payment for a vet getting 80% disability compensation. You need to check those two aforementioned sources.

      Retired TopKick
      100% P&T + SMC-K
      SSDI (Now converted to Regular Retirement)
      United States Army Retired (1974-2002)

      "Never Make Anyone a Priority Within Your Life Who Makes You an Option in Theirs!"

      wesley982002

      4

        Oct 16, 2014#3

        I do have the log in to ebenifits. That's where I checked the progress of my claims. In there it says "There is no payment made". And it also says that I should start getting $1745.40 starting Oct, 1st 14. I do know that I should get a back pay from the day that I retired which is Aug 1st, 14. I made some researching and some people says it might be because I added my spouse and child, Cola adjustments or medical ( I do need to take shots twice a week). Just really curious, on how/ where this money came from.

        I have not contacted any VA rep regarding this. I will wait until I get my first pay on Nov 1st.

        Also, what is "Retro" and "Recurring" means?

        Thank you so much!

        Jimmybuffit

        99771

        10 Year MemberVeterans Benefits Network-VACP Treas 310 (3)

        Jimmybuffit

        99771

          Oct 16, 2014#4

          Recurring will be the monthly amount that you will receive the first of every month.
          Retro is the amount that you will receive from the date you filed the VA claim - not your date of discharge - until you receive your first monthly check/deposit.
          There is logic that the $502.55 is for your dependents (retroactive).

          Congratulations!

          100% P & T Purple Heart - CRSC

          Dre77

          1,4091

          Dre77

          1,4091

            Oct 16, 2014#5

            Retro is back pay. It is the difference between your current pay rate and new pay rate, and is calculated based on the effective date of the new rating or change. If you got an increase or filed a dependent claim, then you could expect a retro payment.

            Recurring is your monthly check amount for disability compensation (which is recurring or repeating monthly).

            I do know that as a retiree, the VA requires a DFAS audit to assist in calculating retro. But I am not sure how this applies since you recently retired. Most retirees filing an increase or new contention, will wait a long while before seeing their retro payment after the decision is made. Your BBE should include an indication about the deposit amount. You can call Peggy (VA 1-800-827-1000), and the rep can usually tell you what the amount is for, but the rep is not supposed to talk about your claim details until you actually get the BBE.

            Air Force 4/14/1999 - 10/13/2006
            100% P&T

            wesley982002

            4

            wesley982002

            4

              Oct 16, 2014#6

              jimmybuffit wrote:

              Recurring will be the monthly amount that you will receive the first of every month.
              Retro is the amount that you will receive from the date you filed the VA claim - not your date of discharge - until you receive your first monthly check/deposit.
              There is logic that the $502.55 is for your dependents (retroactive).

              Congratulations!

              I started to file my claim around May 2014, and retired Aug, 1st. Is the Retroactive for the dependants a one time pay or monthly?

                Oct 16, 2014#7

                Dre77 wrote:

                Retro is back pay. It is the difference between your current pay rate and new pay rate, and is calculated based on the effective date of the new rating or change. If you got an increase or filed a dependent claim, then you could expect a retro payment.

                Recurring is your monthly check amount for disability compensation (which is recurring or repeating monthly).

                I do know that as a retiree, the VA requires a DFAS audit to assist in calculating retro. But I am not sure how this applies since you recently retired. Most retirees filing an increase or new contention, will wait a long while before seeing their retro payment after the decision is made. Your BBE should include an indication about the deposit amount. You can call Peggy (VA 1-800-827-1000), and the rep can usually tell you what the amount is for, but the rep is not supposed to talk about your claim details until you actually get the BBE.

                Yes, when I received the letter saying they decided to give me 80% and my pay will be $1745.40 a month, along it is the paper to put my spouse and child to claim, Which I did online cause I figured it will be faster and easier. Thank you soo much for the response. It is a big help as I was very clueless.

                Nick

                19K5,995

                10 Year MemberVeterans Benefits Network-VACP Treas 310 (4)

                Nick

                19K5,995

                  Oct 16, 2014#8

                  If you retired August 1, 2014, the effective date for your VA compensation would be September 1 and you first monthly payment would be due October 1 .

                  What is the amount of your monthly military retirement?

                  Nick
                  USAF RETIRED
                  100% P&T
                  100% CRSC

                  Complete layman - not a VSO and not a VA employee.

                  Navcop04

                  1

                  Navcop04

                  1

                    Answering your question

                    Nov 01, 2014#9

                    So, the check you received may be the maount over your military retirement pay. I just received mine today. What it is...... let's say you are supposed to receive $1500 a month retirement and your VACP is $1650. They subtract your retirement $1500 from your VACP $1650. Then multiply x's how many months since you have been retired. So if you have been retired for 4 months this should equal $600. Your first month of VACP is withheld, like when we went to bootcamp, and paid the next month. In your case you will get the amount over your retied pay in that check. Then you will receive another lumpsum check when the Military agrees with the VA and the rest is released to you. Should be $1500 x 4 months = $6000. So the formula you can use is this: VACP monthly pmnt - Retired pay = first check. Retired pay x Months retired (minus the first month) = Lump sum back pay. You should be looking for your total VACP check at the end or beginning of each month. Your Retired pay is not affected. Since you are 50% or more disabled, you will receive both in full each month. Remember that your retired pay is taxable and your VACP is tax free. I hope this explained it properly for you. I would relax and see how things go. If you are not receiving both by the end of December, get ahold of your VA rep that filed your claim.

                    papaac2737

                    21

                    papaac2737

                    21

                      Jul 19, 2022#10

                      i asked a question earlyer but dont see it now
                      \

                      Vol

                      2,8766,591

                      ☠️Veterans Benefits Network-VACP Treas 310 (5)

                      Vol

                      2,8766,591

                        Jul 19, 2022#11

                        papaac2737 wrote:

                        Jul 19, 2022

                        i asked a question earlyer but dont see it now
                        \

                        It was split off to its own thread. Further down the forum, you’ll see it.
                        missing-vacp-treas-deposits-t198425.html#p1565594

                        Veterans Benefits Network-VACP Treas 310 (2024)

                        FAQs

                        What is vacp treas 310 direct deposit? ›

                        If you have recently been approved to receive VA disability payments, your first check should arrive at the start of the next month after your approval. If you have a deposit from “VACP TREAS 310,” then you've received a payment from the VA!

                        What is the VACP on my bank statement? ›

                        VACP is for VA disability compensation or pension payment.

                        What is ACH Credit VACP Treas XXVA Benef? ›

                        ACH simply means it was deposited into your account directly. VACP TREAS XXVA BENEF are military disability benefits that he must have been getting. It could be for 100 things; that coding is just a general code for all benefits sent out. VACP is for disability compensation or pension.

                        What day will my VA disability check be deposited? ›

                        Disability benefit payments for a particular month are paid on the first business day of the following month. When the first day of that month falls on a non-business day or a holiday, VA benefits will be paid on the last business day of the preceding month.

                        Why did I get a deposit from Treas 310? ›

                        Usually, 'IRS Treas 310' signifies a tax refund from your recently filed U.S. tax return. Overpaying Taxes Throughout the Year: If you withheld more tax from your paycheck (or other income sources) than you owed, you're entitled to a refund.

                        What is a treas 310 misc pay deposit for? ›

                        TREAS 310 MISC PAY on a bank statement signifies a payment from the U.S. Department of Treasury. This payment could be anything from a tax refund, federal supporting benefits or a government salary.

                        What is SSA Treas 310? ›

                        IRS TREAS 310 signals an ACH direct deposit refund or stimulus payment resulting from a filed tax return, amendment, or tax adjustment. According to CNET, 310 is a code that identifies the transaction as a refund from a filed tax return in the form of a direct deposit.

                        Why did I get a check for VA compensation? ›

                        VA disability compensation (pay) offers a monthly tax-free payment to Veterans who got sick or injured while serving in the military and to Veterans whose service made an existing condition worse.

                        What is the VA claim back payment? ›

                        VA back pay is paid to a veteran all at once in one lump sum following the grant of benefits. The VA maintains that veterans should receive back pay within 15 days of the decision granting the retroactive benefits either through direct deposit or a check. However, it is not uncommon for it to take longer than 15 days.

                        Why did I get an extra VA payment? ›

                        For Veterans, Special Monthly Compensation is a higher rate of compensation paid due to special circ*mstances such as the need of aid and attendance by another person or by specific disability, such as loss of use of one hand or leg.

                        What is VA direct deposit? ›

                        You can choose to get your VA pension payments, disability compensation, and education payments through direct deposit. If you switch from getting paper checks to receiving your payment through direct deposit, you'll get your payments faster because you won't be waiting for your check to arrive by mail.

                        Are vacp benefits taxable? ›

                        VA Disability Benefits

                        Disability benefits you receive from the Department of Veterans Affairs aren't taxable. You don't need to include them as income on your tax return. Tax-free disability benefits include: Disability compensation and pension payments for disabilities paid either to veterans or their families.

                        What is a vacp treas 310 deposit? ›

                        Once you log into e-Benefits, you can check your letters and see what percentage is listed. A few of the codes labeled 310 on your US Government Check: VACP is for VA disability compensation or pension payment. VAED is for GI Bill payments.

                        How much will VA disability be in 2024? ›

                        2024 VA Disability Rates
                        70% – 100% With Children
                        Veteran with One Parent and Child$1,930.28$4,044.48
                        Veteran with Two Parents and Child$2,047.28$4,211.74
                        Add for Each Additional Child Under Age 18$72.00$103.55
                        Each Additional Schoolchild Over Age 18$234.00$334.49
                        6 more rows

                        What is the 5 year rule for VA disability? ›

                        The VA 5-year rule protects your disability claim by not allowing the VA to reduce your disability rating unless your condition has significantly improved over time. This rule pertains to a rating that has been in effect for five years or longer. After a five-year period, the rating is considered a stabilized rating.

                        What does Social Security deposit 310 mean? ›

                        According to CNET, 310 is a code that identifies the transaction as a refund from a filed tax return in the form of a direct deposit.

                        Why did I get a random deposit from the IRS? ›

                        It could be: A refund from a filed tax return, including an amended tax return or an IRS tax adjustment to your tax account – this will show as being from the IRS (“IRS TREAS 310”) and carry the code “TAX REF.”

                        What are VA disability payments called? ›

                        VA disability compensation (pay) offers a monthly tax-free payment to Veterans who got sick or injured while serving in the military and to Veterans whose service made an existing condition worse.

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