FORT WORTH, Texas – As the year-end fiscal cliff deadline approaches, military personnel are increasingly worried about their financial futures – a... more.
With the exception of those serving in combat zones or stationed outside the U.S, most military personnel and their families must file taxes by the April 15 deadline. It is important to know which pay and allowances can be excluded from your gross income. Members of the Military community can claim a host of tax advantages that aren't available to civilians including combast pay, breaks for guard and reserve, free tax assistance and more.
Associated Press | Apr 15, 2013
Many Americans are beginning the last-minute scramble to file their returns on Tax Day. Even with the advent of electronic filing, many Americans may not be able to deliver their tax return before the Monday, 11:59 p.m. EDT deadline. If you're in this group, it may be OK. The IRS will give you until Oct. 15 to file your return if you ask for a... more
As April 15 approaches, clever crooks use the IRS to try and separate you from your hard-earned money. Like most people, you probably have a healthy respect for the taxman. But don't let that intimidation factor override your common sense. Be on the alert for these four common tax scams. 1. Phishing Using the Refund Lure The most common scamm... more
Are you part of the American tax-filing majority who's about to get a big, fat tax refund? If so, I have a question: What are you going to buy yourself with it? What? A CERTIFIED FINANCIAL PLANNER™ is asking how you plan to spend your tax refund instead of telling you to pay off debt with it, save it or invest it? And he's not saying it's a fin... more
Two new federal laws promise to have an effect on your income tax bill in 2013 and beyond. Health care reform and the "fiscal cliff" resolution mean new and higher taxes on the wealthiest Americans, extended tax relief for others, but higher payroll taxes for all wage earners. To help understand how these laws may affect you, here are five hyp... more
For all the talk about tax changes at the end of 2012, many people are still left wondering what it means for them. "'Is it a big deal? Or is it business as usual?' are questions I'm hearing," says Scott Halliwell, CERTIFIED FINANCIAL PLANNER™ practitioner with USAA. "While many issues were resolved, a lot of taxpayers still aren't sure how th... more