Filipino Veterans Compensation Fund Payments (FVECF)

Filipino Veterans Compensation Fund Payments (FVECF). A. These payments are defined as follows: 1. The American Recovery and Reinvestment Act signed February 17, 2009, established a one-time payment to eligible Filipino veterans (or surviving spouse) who aided American troops during World War II. Must file within one year of enactment. B. These payments are treated as follows: 1. The one-time FVECF payment is excluded from income. 2. The interest earned on an unspent payment is excluded from income.