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AR15.COM
9/18/2010 10:19:21 AM EDT
Can you use the post 911 as a proof of income. I want to trade in my car to reduce my payments a month. However, I'm just in school and not working besides the reserves. If the dealership needs proof of income, can I claim the post 911 gi bill?
9/18/2010 10:33:11 AM EDT
[#1]
Not sure if this helps but it is tax free. so there is no need to report it at the end of the year..

However it still is money you are getting so I do not see a reason why you couldn't claim it.

9/18/2010 3:22:35 PM EDT
[#2]
I don't see why not....however, they may want proof of actual payments from prior months.
9/18/2010 8:40:37 PM EDT
[#3]
Quoted:
I don't see why not....however, they may want proof of actual payments from prior months.


How do I do that? Bring in bank statements? Or can I get receipts somewhere?
9/19/2010 11:51:30 AM EDT
[#4]
Quoted:
Quoted:
I don't see why not....however, they may want proof of actual payments from prior months.


How do I do that? Bring in bank statements? Or can I get receipts somewhere?


I would think bank statements would be ok, maybe the certifying letter(s) that the VA sends you as well.  When I got my car, I just told the salesman/finance dept. that I'd be getting XXX/mo from the GI bill and that I got XXX/mo from being in the Guard.....I ended up financing with a  local credit union so it didn't really matter but the dealership was ok with my word on what I would be getting a month.  I would assume, however, that each dealer is different.
9/19/2010 12:36:29 PM EDT
[#5]
Just call it a VA payment and bring in your certifying letter.
9/20/2010 4:12:48 PM EDT
[#6]
Got my loan. No questions asked. I guess my credit is good enough for them to not second guess my income.
9/20/2010 10:09:11 PM EDT
[#7]
i got a car just after i got out and was on unemployment and getting the GI Bill, i just made up employer info and said i was getting extra money from the VA.  instantly approved.  i also have like a 700 credit score as well.  good job on the new car man