Apr 13, 2024
I should be getting combat pay on this beat!
(1st Issue Special #4)
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I should be getting combat pay on this beat!
(1st Issue Special #4)
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Top 10 Tips about Tax Breaks for the Military
Top 10 Tips about Tax Breaks for the Military
If you are in the U. S. Armed Forces, special tax breaks may apply to you. For example, some types of pay are not taxable. Certain rules apply to deductions or credits that you may be able to claim that can lower your tax. In some cases, you may get more time to file your tax return. You may also get more time to pay your income tax. Here are the top 10 IRS tax tips about these rules: 1. Deadline…
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Tax benefits for Members of the Military
Tax benefits for Members of the Military
IRS Marks National Military Appreciation Month; Free Tax Guide Focuses on Tax Benefits for Members of the Military
WASHINGTON — May is National Military Appreciation Month, and the Internal Revenue Service wants members of the military and their families to know about the many tax benefits available to them.
Each year, the IRS publishes Publication 3, Armed Forces Tax Guide, a free booklet packed…
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Special Tax Benefits for Members of the Armed Forces
Special Tax Benefits for Members of the Armed Forces
Special tax benefits apply to members of the U. S. Armed Forces. For example, some types of pay are not taxable. And special rules may apply to some tax deductions, credits and deadlines. Here are ten of those benefits:
1. Deadline Extensions. Some members of the military, such as those who serve in a combat zone, can postpone some tax deadlines. If this applies to you, you can get automatic…
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Proposed Combat Pay Increase
Rep. Jerry McNerney (D-CA) introduced legislation that would give servicemembers modest increases in their combat related special pays and the Family Separation Allowance. Specifically, the bill would raise the monthly hostile fire or imminent danger pay from $225 to $260; hazardous duty pay from $250 to $260; and the monthly family separation allowance from $250 to $285. According to information posted on his website, McNereny introduced a similar bill last year -- the Combat Act in 2010. Provisions from that bill subsequently passed the House with bipartisan support. But they obviously didn't make it through the Senate.
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I'm just going to throw my two cents out there because I feel like it and this is my blog, so here goes....
The proposed pay increases sound really nice, but weren't we just in fear of a government shutdown and military pay freeze a couple weeks ago? I mean, seriously, how realistic is this?