State Income Tax tipThe best way to get the answers on the tax requirement for each state is to contact a tax professional or visit the tax authority website for each state. Military...
Posted by Income Taxes and Bookkeeping LLC on 05/30/2021
A payroll tax deferral was put in place by President Donald Trump at the end of 2020. The income tax instructions recently released by the Defense Finance and Accounting Service (DFAS)...
Posted by James Financial Services Inc on 05/19/2021
Treatment of distributions to persons placed on active service for at least 179 days (article 72(t) of the code)Under the current law Under current legislation, a taxpayer who...
Posted by Taxes Made EZ Inc on 03/01/2021
For people that relocated to start a new job, they can deduct moving expenses. This deduction is available for people in the military. Rules for Military Qualification Military...
Posted by Elliot Kravitz, ATP on 01/30/2021
For people who have been in the military for a couple of years and want to transition to civilian life, there are some tax implications to have in mind.It is essential that you not...
Posted by Dennis Jao on 12/20/2020
There are many tax benefits available to the military, including tax deductions, exclusions from battle payments, extended deadlines, and other benefits. If you are in the U.S. military,...
Posted by The TaxAdvocate Group, LLC on 12/20/2020
There is vital tax information for the U.S. Armed Forces reserve component that deals with tax breaks and deductions for expenses they incur while in active service. The following...
Posted by Unifirst Financial & Tax Consultants on 12/18/2020
With the new tax reforms, many people, except the military, do not qualify for moving expense deduction. For moving expense deduction to be valid, one needs to meet some time...
Posted by James Financial Services Inc on 11/19/2020
A rule rumored to help military spouses have been talked about for a while now. What does the military spouses residency relief act mean and what can it do for you? We will break down...
Posted by Unifirst Financial & Tax Consultants on 08/23/2019
