Military families must contend with moving and child care issues -- and both of these issues can be very expensive. However, Permanent Change of Station (PCS) and the Child Tax Credits can help ea... more.
The tax laws provide some special benefits for active members of the U.S. Armed Forces, including those serving in combat zones.
For federal tax purposes, the U.S. Armed Forces includes officers and enlisted personnel in all regular and reserve units controlled by the Secretaries of Defense, the Army, Navy and Air Force. The Coast Guard is also included, but not the U.S. Merchant Marine or the American Red Cross. However, these and other support personnel may qualify for certain tax deadline extensions because of their service in a combat zone.
With tax season in full swing, you should take note of the many deductions and credits available to you because of your military service; whether on active duty or on reserve. Knowing where to loo... more.
Editor's Note: This article has been updated to reflect current programs and tax laws. Military service men and women, who recently enrolled in continuing education programs or signed up for skill... more.