Wouldn't life be beautiful without taxes? You can't avoid them entirely, but as an active member of the U.S. military or veteran, you have access to tax benefits not usually...
Posted by Pat Raskob on 01/09/2023
For a start, you must be aware that you are only entitled to military tax benefits, if you are actively involved in service, or have served on active duty. Most importantly, it would...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 03/17/2022
When your spouse serves in the military, you've signed for a lifetime of sacrifice, service, and commitment. It's a lifetime of constant calls to service within and outside...
Posted by Pat Raskob on 02/28/2022
Military personnel are some of the people who make the largest sacrifice. Such a line of job comes with severe hardships, so Uncle Sam offers some compensation in a bid to cushion...
Posted by Rosovich & Associates, Inc. on 08/30/2021
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
Deployed service members must submit their taxes. Fortunately, the Internal Revenue Service realizes that the service members and their families face unique circumstances and offer...
Posted by Cypress Tax Solutions on 02/17/2021
Military members enjoy many tax benefits, including one-time tax deductions, combat pay exclusions, and extended time limits. Read on to find information on various military-specific...
Posted by Tucker Accounting Services LLC on 01/06/2021
What is a combat zone?A combat zone is designated as a war zone for a specified period with the aim of reporting to the Internal Revenue Service by military personnel. While serving...
Posted by Flynn Financial Group Inc on 12/19/2020
