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From December 1, 2021, to November 30, 2022, the net worth limit to be eligible for Veterans Pension benefits is $138,489. On October 18, 2018, we changed the way we assess net worth to make

the pension entitlement rules clearer. Net worth includes your and your spouse’s assets and annual income. When you apply for Veterans Pension benefits, you’ll need to report all of these

assets and income. NOTE: If your child's net worth is more than the net worth limit, we don't consider them to be a dependent when we determine your pension. Read our definitions

below: ASSETS Assets include the fair market value of all your real and personal property, minus the amount of any mortgages you may have. “Real property” means any land and buildings you

may own. Your personal property assets include any of these items: * Investments (like stocks and bonds) * Furniture * Boats ASSETS DON’T INCLUDE: * Your primary residence (the home where

you live most or all of the time) * Your car * Basic home items like appliances that you wouldn’t take with you if you moved to a new house Read more about how we define “assets” ANNUAL

INCOME Annual income is the money earned in a year from a job or from retirement or annuity payments. It includes any of these: * Salary or hourly pay * Bonuses * Commissions * Overtime *

Tips We’ll subtract certain expenses from your annual income when we assess net worth. We call these applicable deductible expenses. They include: * Educational expenses * Medical expenses

you’re not reimbursed for Read more about how we define “annual income” AN EXAMPLE OF NET WORTH AND ELIGIBILITY If you had $121,000 in assets and $14,000 in annual income, then your net

worth would be $135,000. This is less than the net worth limit of $138,489. So you would be eligible for Veterans Pension benefits.