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
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
In general, any form of military payment obtained while deployed to a combat zone is excluded from federal income tax. This translates into significant tax savings for the active combat...
Posted by Tucker Accounting Services LLC on 11/02/2020
