2024 Military Pay Charts [proposed]: Biggest Raise in 20 Years
The Biden administration has proposed a 5.2% pay raise for military members, the largest in over 20 years. Find the proposed military pay charts for 2024 here to see how it impacts you.
Finance
Service members and veterans have financial benefits and resources that their civilian friends don’t. Make sure to take advantage of these benefits. These include everything from exclusive life insurance options, to retirement benefits, to VA home loans. You have an amazing opportunity to save money, plan for retirement, and buy a home at good rates without a down payment.
What You Should Know About the VA Loan Funding Fee
The VA loan funding fee is “a one-time payment that the Veteran, service member, or survivor pays on a VA-backed or VA direct home loan,” according to the VA official site.
Veteran Tax Benefits
When tax season arrives, it pays to find as many legal tax breaks as possible, and there are plenty of those for those who served. But not all veteran tax benefits are well known. If you have retired or separated from the military, you likely know about the types of post-military benefits offered to those… Read more »
VA Loan Funding Fee Exemptions For Disabled Veterans
The Department of Veterans Affairs has issued new guidance on VA loan funding fees and their exemption for disabled veterans. Some who filed pre-discharge claims with the VA found themselves in a gray area where VA loan funding fees are concerned…
VA Home Loan Policy For Loans Between Two Veterans
VA loan approval processes will move faster for those applying for home loans with other veterans, thanks to changes in VA home loan policies that also improve processing times for certain disabled veterans.
Marijuana Income vs. VA Home Loan Approval
In an era where many states have legalized the manufacture and sale of both recreational and medical marijuana, some veterans may find themselves considering job opportunities at cannabis dispensaries or cultivation centers.
Largest Retiree & Veteran COLA Increase In Decades Approved
The largest COLA increase in decades is coming in 2023. The Social Security Administration adjusts retirement and disability payments annually due to inflation. Learn more.
How Do I Apply for Armed Forces Tax Benefits?
Armed Forces Tax BenefitsArmed forces tax benefits can save you money, but how do you apply? Learn what forms you need to file and where to send them. Read more at MyMilitaryBenefits.
VA Replaces Life Insurance Program
The VA has replaced their life insurance program. Find out what this means for you and how to make the most of your benefits.
DoD Announces Housing Allowance Increases for 2022
Service members in high-cost housing markets are getting financial relief thanks to the orders in a September 22, 2022, Memorandum from Secretary of Defense Lloyd Austin. There are multiple directives in that Memorandum, including a review of the 2023 Basic Allowance For Housing (BAH) calculations to keep BAH current with “unusually dynamic fluctuations in the… Read more »