October 15 Federal Tax Extension Deadline Approaches
Understanding the Federal Tax Extension Deadline Approaches for military members can help ensure timely tax filing and support.
Taxes
Is the GI Bill Taxable?
Is the GI Bill benefit, including the Post 9/11 GI Bill housing stipend, taxable? It’s an important question, especially if you need to claim tax credits for higher education. Many VA benefits are not taxable, but you may need to adjust your federal education expenses at tax time. Learn more.
State Tax Benefits For Veterans
Tax season is an important time for military members, veterans, and their families. Federal tax laws are subject to change year to year and state laws can be just as chellenging when it comes to what’s taxable income from military pay and benefits. And your status as an active duty member, or as part of… Read 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.
Tax-Free Military Retirement Pay In These States
More than half of US states now exempt military retirement pay from state taxes. Discover which states offer tax-free retirement pay.
Self Employment Taxes: An Overview
Those who run their own small businesses or operate as independent contractors and gig workers, which includes Uber and Lyft drivers, personal shoppers who deliver groceries, military spouses who find traditional employment challenging, and freelance writers like me, must be aware that there are tax issues and deadlines that are different from regular, W-2 positions.
Troops to Receive Stimulus Checks and More Payback Time for Deferred Taxes
This past holiday season, a vast number of Service Members, Veterans, and their families received (or will soon receive) one-time stimulus checks of $600 under the trillion-dollar federal funding package and COVID-19 relief bill President Trump signed into law.
Basic Training for Taxes for Military
Taxes are due on April 15, 2021, though if you’re serving in a combat zone, you have additional time to file. Whether you have one month or several before your deadline, taking these steps can help you make sure you don’t overpay.
Deadline For Some SSI & VA Beneficiaries with Kids is May 5
ATTENTION: SSI and VA beneficiaries You may be eligible to receive an additional $500 per dependent. If you are a Supplemental Security Income (SSI) or Veteran Affairs (VA) beneficiary with dependent children and you have NOT filed your taxes for 2018 or 2019, then you may need to read this. If those conditions apply to… Read more »
Military Tax Resources & Services
Thankfully military families don’t have to pay to file taxes. Please find a list of resources that provide free tax filing for military.