Military Taxes: Family/Spouse Issues
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.
Other Items:
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.
At the last possible moment, Congress finally approved a deal to avoid the so-called fiscal cliff that was threatening to enact automatic cuts to government programs and tax increases on American... more.
Military spouses in states that collect state income taxes may be able to pocket a little more of their paycheck under an amendment that allows spouses to retain their legal residency in their home... more.
If you paid someone to care for your child, spouse, or dependent last year, you may qualify to claim the Child and Dependent Care Credit when you file your federal income tax return. Below are 10 t... more.
Let"s face it: Doing your taxes is about as exciting as mowing your lawn. But, we all have to do it. And Uncle Sam doesn't make it easy. The U.S. tax code literally fills thousands of pages. Thankf... more.
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.
Summer is officially over, further signifying that it's that time of year again; back to school time! Many members of the Armed Forces have already started to crack the books in pursuit of advanced... more.
At the last possible moment, Congress finally approved a deal to avoid the so-called fiscal cliff that was threatening to enact automatic cuts to government programs and tax increases on American... 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.
Moving Expenses To deduct moving expenses, you generally must meet certain time and distance tests. However, if you are a member of the Armed Forces on active duty and you move because of a perman... more.
If you purchased body armor [or other personally procured protection equipment] for combat duty, the entire cost (including shipping) is tax deductible. You or your spouse must have purchased it; i... more.
At the last possible moment, Congress finally approved a deal to avoid the so-called fiscal cliff that was threatening to enact automatic cuts to government programs and tax increases on American... more.
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