{"id":311,"date":"2020-06-18T19:07:45","date_gmt":"2020-06-19T00:07:45","guid":{"rendered":"http:\/\/www.fcallc.biz\/blog\/?p=311"},"modified":"2024-11-23T08:31:46","modified_gmt":"2024-11-23T13:31:46","slug":"taxes-and-the-military","status":"publish","type":"post","link":"https:\/\/www.fcallc.biz\/blog\/?p=311","title":{"rendered":"Taxes and the Military"},"content":{"rendered":"<p><span style=\"font-size: small;\">As with anything else, it\u2019s vital for military personnel to understand their tax rights and benefits.\u00a0 Too often many tax benefits are overlooked because military personnel are not aware of their rights.\u00a0 Among these are:<\/span><\/p>\n<ul>\n<li><span style=\"font-size: small;\">Unreimbursed expenses related to moving can be deducted. For more information refer to IRS <\/span><a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/p3.pdf\"><span style=\"color: #0000ff; font-size: small;\">Publication 3, Armed Forces\u2019 Tax Guide<\/span><\/a><span style=\"font-size: small;\">.<\/span><\/li>\n<li><span style=\"font-size: small;\">Combat Pay is not taxable for any period served in a combat zone. <\/span><\/li>\n<li><span style=\"font-size: small;\">Tax filing deadlines are usually extended for members of the military. <\/span><\/li>\n<li><span style=\"font-size: small;\">Certain costs associated with the upkeep of uniforms are deductible.<\/span><\/li>\n<li><span style=\"font-size: small;\">Power of Attorney is allowed for spouses unable to file joint returns due to military duty.<\/span><\/li>\n<li><span style=\"font-size: small;\">Members of the US Armed Forces Reserves can deduct unreimbursed travel expenses for traveling over 100 miles away from home to perform duty.\u00a0 <\/span><\/li>\n<li><span style=\"font-size: small;\">Certain allowances paid to ROTC Students in advance training are non taxable.<\/span><\/li>\n<li><span style=\"font-size: small;\">Job Hunting expenses are also deductible for military personnel who are making the transition to the workforce from the military. <\/span><\/li>\n<li><span style=\"font-size: small;\">Lastly, free tax assistance is available for military personnel at tax time.\u00a0 <\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Times New Roman; font-size: small;\">\u00a0<\/span><\/p>\n<p><span style=\"font-size: small;\">Your tax accountant is a great resource for understanding your tax rights and benefits. Additionally, IRS <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/p3.pdf\"><span style=\"color: #0000ff;\">Publication 3, Armed Forces\u2019 Tax Guide<\/span><\/a> is also a great resource.<\/span><\/p>\n<p><span style=\"font-family: Times New Roman; font-size: small;\">\u00a0<\/span><\/p>\n<p><strong><span style=\"font-size: small;\">Follow us on Twitter.: <\/span><a href=\"http:\/\/twitter.com\/1stCapAdvise\"><span style=\"color: #0000ff; font-size: small;\">http:\/\/twitter.com\/1stCapAdvise<\/span><\/a><\/strong><\/p>\n<p><span style=\"font-family: Times New Roman; font-size: small;\">\u00a0<\/span><\/p>\n<p><span style=\"font-family: Times New Roman; font-size: small;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As with anything else, it\u2019s vital for military personnel to understand their tax rights and benefits.\u00a0 Too often many tax benefits are overlooked because military personnel are not aware of their rights.\u00a0 Among these are: Unreimbursed expenses related to moving &hellip; <a href=\"https:\/\/www.fcallc.biz\/blog\/?p=311\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,29,41,8],"tags":[],"class_list":["post-311","post","type-post","status-publish","format-standard","hentry","category-consumer-laws","category-education","category-personal-finance","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=311"}],"version-history":[{"count":4,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/311\/revisions"}],"predecessor-version":[{"id":315,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=\/wp\/v2\/posts\/311\/revisions\/315"}],"wp:attachment":[{"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fcallc.biz\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}