Watch Out for this TSP Tax Trap
Just because you can do something, it doesn't mean you should. This could be the case with an indirect rollover from TSP. If you're thinking about going down that path, make sure your really understand the rules.
Just because you can do something, it doesn't mean you should. This could be the case with an indirect rollover from TSP. If you're thinking about going down that path, make sure your really understand the rules.
Didn't you just love that you didn't have to pay state income taxes while on Active Duty? That changes the day you retire. But which state do you pay taxes to? It isn't as simple as you might think.
The ability to transfer the GI Bill to a spouse or child radically changed the face of college funding for many military members and veterans. But if scholarships enter the picture, you'll want to make sure you understand the tax consequences.
Many Senior Military Officers and NCOs have retirement accounts like IRAs and TSP. Some might inherit an account from a parent. The SECURE Act significantly changed the rules for both types of accounts.
Are you an independent contractor or self-employed? We get it, taxes can be daunting. Here's the lowdown on the most common (and valuable) tax deductions freelancers should be aware of.
The calendar is about to click off another year. What changes affect your retirement savings and taxes? Here are some of the main ones.
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