Many retired Senior Military Officers and NCOs earn a pretty good living after retirement. Under a Biden administration, there are 5 challenges that could arise.
Everyone is talking about stimulus payments, but there are several changes to the tax code contained in the second stimulus bill. Let's take a look at both.
It isn't easy to be a military spouse. That is why I think they are America's unsung heroes. It used to even tougher when it came to income taxes. If you're a military spouse, make sure you understand how the Military Spouse Relief Act applies to you.
When you deploy to a combat zone, you get some extra time to file your taxes or reply to the IRS. If you've heard you get 180 days, there is a little more to it.
As a military member you can suspend the clock when calculating the 2 of 5 rule to determine if your house is your primary residence. There is a lot of misinformation out there about this. Here is a primer.
The CARES Act was passed nearly eight months ago, but there's one benefit you may have overlooked. It can help you if you've been donating to CFC for years and never get to deduct it or if you're making cash donations this holiday season and don't think you can deduct them either.
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