Military Feed

Pixabay via Pexels Members of the military have a lot of things to worry about. New enlistees are concerned whether they'll make it through basic training. Military personnel who are stationed far from their families worry about how spouses and children are faring. And, of course, those posted in dangerous parts of the world are in constant concern for their own safety. But every tax filing season, members of the military also must worry about taxes. Taxes for all, but some military breaks: Yes, with all the other responsibilities we place on the men and women who serve the United... Read more →


“Veterans,” acrylic on canvas, by Jesse T. Hummingbird (Cherokee, b. 1952) celebrates the generations of Native Americans who have, and still do, serve in the various branches of the U.S. military. The painting is on display at the Smithsonian's National Museum of American Indian. This Memorial Day many of us are incorporating honoring fallen U.S. military men and women into our more recreational activities. That’s easy to do if you live in or visit the national capital area. Washington, D.C., is full of monuments and museums, many of which have special military-themed exhibits, either as permanent displays or shown on... Read more →


Updated Thursday, April 4, 2024 via GIPHY Tax Day is less than two weeks away, but some aren't sweating the April 15 filing deadline. They have more time to complete their tax paperwork and, in some cases, may any associated payments. Here's a look at the special situations where taxpayers have more time to file their federal tax returns. International, including military, taxpayers: When it comes to individual taxes, the tax code doesn't care where you live. If you're a U.S. citizen or resident alien, including those with dual citizenship, you must pay tax to Uncle Sam even if you're... Read more →


Unsplash+ in collaboration with Getty Images Tax season 2024 officially starts Monday, Jan. 29. Lots of taxpayers have already filled out their 1040 forms and are just waiting for the Internal Revenue Service to start processing them next week. Most of these early filers are expecting tax refunds. They also likely have relatively simple tax lives. Lucky them. Others, however, have more complicated tax and financial circumstances. These folks have more tax documents with details that must be transferred to their return forms and schedules. They also need to consider how their situations might affect their tax returns. Below is... Read more →


Free File is back for its 22nd filing season. The no-cost tax preparation and e-filing partnership between the Internal Revenue Service and tax software manufacturers opened today, Friday, Jan. 12, to eligible taxpayers. This year, Free File eligible taxpayers are those whose 2023 adjusted gross income, regardless of filing status, was $79,000 or less. 8 software options: Eight private-sector tax software companies are part of this 22nd Free File season. They are — 1040Now Drake (1040.com) ezTaxReturn.com FileYourTaxes.com On-Line Taxes TaxAct TaxHawk (FreeTaxUSA) TaxSlayer Each IRS Free File provider sets its own eligibility rules for products based on age, income,... Read more →


Now that we know the Internal Revenue Service will start processing our 2023 tax returns on Jan. 29, taxpayers are thinking about how they'll deal with this annual filing task. Many taxpayers are concerned about tax law complexity. Some are looking for the most tax breaks that will get them a big refund. Others worry about the cost of filing. And all of us just want the process completed as painlessly as possible. Regardless of your tax concerns, you have lots of filing options. Here's a quick overview. Go pro: You can hire a tax professional, either an independent tax... Read more →


Photo by Jonathan Cooper on Unsplash Millions of taxpayers are anxiously awaiting the start of tax filing season 2024. They are expecting tax refunds. Most of these filers also know that the quickest way to get their tax cash is to file electronically and have their refunds directly deposited. The Internal Revenue Service says that when you take this digital route, you will, in most cases, get you your refund in 21 days or less. Some taxpayers, however, aren't eligible for this faster refund option. They don't have any financial account into which the IRS can electronically deposit their refunds.... Read more →


This pup looks like he's asking it it's time to open gifts. (Photo by Unsplash+ in collaboration with Getty Images) Next Monday morning, Dec. 25, many families will welcome a new member. I'm talking, of course, about a pet. A puppy, kitten, or other pet of any type of age can be a wonderful addition to a home. Pros and cons of pets as presents: But many animal groups and veterinarians warn against giving a pet, especially as a surprise, during the holidays. This already is a stressful time for many, and if everyone who will be involved in the... Read more →


Photo by Xingchen Yan on Unsplash If your work involves driving, the Internal Revenue Service has some good news for your 2024 business trips. Today, the tax agency announced that on Jan. 1, 2024, the standard optional mileage rate you can use to claim those eligible miles will go to 67 cents per mile. That's a 1.5 cent increase over the 2023 mileage rate. However, the other two mileage rates that the IRS evaluates and adjusts each year are going down. Travel for medical and, in the case of qualified active-duty members of the Armed Forces, moving purposes will be... Read more →


…and possibly get a sweet tax break for your gift. Unsplash+ in collaboration with Getty Images There are two kinds of Halloween candy people. There are those who low-ball their trick-or-treater count and end up running out of goodies to give out early in the night's festivities. They turn off the porch and interior lights, and ignore the doorbell ringing by costume clad candy seekers who refuse to bypass any house. Then there are those who buy waaaaay too much candy. Even when they start doubling the handouts to the later goodie-seeking groups, they end up with a lot, a... Read more →


Updated Tuesday, October 17, 2023 The Internal Revenue Service's surprise announcement came on what was Tax Day for millions of Golden State taxpayers who earlier got additional federal filing time due to major disasters. State officials have followed suit, extending California's due date, too. In addition, the IRS last week gave U.S. taxpayers living in Israel almost a year to take care of a variety of current tax obligations. Storms across California earlier this year produced widespread flooding and other disastrous conditions. That prompted federal relief, including extended tax deadlines. Today, the IRS gave Golden State taxpayers another month to... Read more →


Welcome to the first full week of June. Have you finished making your vacation plans? I hope you left some time to also deal with summer tax tasks. That's right, taxes don't go on holiday. And while they aren't fun, there are some tax moves you need to make, or at least consider, this June. Since we're already on fifth day of the month, let's get right to them, focusing on some other relevant numbers. Don't miss Tax Day take two. June 15 is Tax Day for U.S. taxpayers who live and work outside the United States and Puerto Rico.... Read more →


Photo by Eric Prouzet on Unsplash In my neighborhood, the windows of businesses large and small are plastered with "Help Wanted" signs. My suburban Austin area is not alone. In the best of times, businesses face challenges in finding the best workers for their needs. This is not the best of times when it comes to hiring. Right now, according to the U.S. Chamber of Commerce, there are 9.9 million job openings in the United States, but only 5.8 million unemployed workers. This tight job market is why it's critical that companies don't undercut their hiring efforts. Some do just... Read more →


Members of the 3rd U.S. Infantry Regiment place flags at Arlington National Cemetery in advance of Memorial Day. Memorial Day officially is Monday, May 29. But a lot of people will be traveling back home then, so it's today that most friends and family across the United States are gathering. Many will make sure to acknowledge Memorial Day. It's the national day of remembrance of those who died in service to the United States. The graphic below from the U.S. Census Bureau, using the Department of Defense's Defense Manpower Data Center statistics, has the tally of those military service personnel... Read more →


Photo by Army SPC Sara Wakai In addition to their duties as members of the armed forces, U.S. service members also have to answer to the Internal Revenue Service. When it comes to those taxes, many military men and women must deal with situations vastly different from civilian taxpayers. They also get some special tax considerations. Here are some resources to help members of the military community navigate their sometimes complex tax situations. Official IRS guide: The IRS' Armed Forces' Tax Guide is a good place to start. The 39-page PDF document, officially known as IRS Publication 3, covers the... Read more →


Photo by Brett Sayles Tax refunds are one of the main ways the Internal Revenue Service uses to encourage more of us taxpayers to go digital. For years, the IRS has said that if you e-file your tax return and include bank information, your refund can be directly deposited in less than 21 days. There are, of course, a few caveats connected to this promise of a three-week refund turnaround. First, your return must not have any iffy entries that prompt Uncle Sam's tax collector to take a closer look, and possibly send out follow-up communications. Second, there isn't a... Read more →


Every filing season, eager taxpayers, most of them expecting a refund, send their returns to the Internal Revenue Service as soon as they can. For most it works out OK. Others, however, discover on their own, or learn from the IRS, something just not quite right, and costly, on their Form 1040. It works the other way, too. In some instances, folks submit a return without claiming a tax break that would have saved them dollars. The IRS isn't going to tell you about that! The best way to make sure you enter all the data that the IRS wants,... Read more →


The Internal Revenue Service won't start processing 2022 tax returns until Jan. 23, but you still can file before then. And if your adjusted gross income last year was $73,000 or less you can file for free at Free File. If you use a search engine to find free tax filing, you'll likely discover other options. You'll also probably get such offers in your email box. But the only official, IRS-sanctioned Free File option is the one on its website. To get there, type Free File in the search box at the upper right of IRS.gov. That search result will... Read more →


Drivers faced plenty of challenges in 2022, notably the dramatic jump this year in fuel prices. That prompted the Internal Revenue Service in June to hike 2022's optional standard mileage rates for the last six months of the year. Now the IRS has bumped up the business rate again as part of its annual adjustments to a variety of tax laws. Beginning on Jan. 1, 2023, the standard optional mileage rate for a car (or van, pickup or panel truck) used for business purposes will be 65.5 cents per mile. That's up 3 cents from the midyear increase that applies... Read more →


Korean War Memorial on National Mall, Washington, D.C. (Photo by Brittany Colette on Unsplash) 11 a.m. on Nov. 11, 1918. That moment marked the armistice between World War I's Allied forces and Germany, ending the fighting on the Western Front. The commemoration to honor the 4.7 million Americans who served — and the 116,500 who died — in what then was called the Great War originally was celebrated as Armistice Day. In 1954, the annual Nov. 11 commemorations were rebranded Veterans Day, and the day's focus expanded to honor veterans from all eras. But the momentousness of the event 104... Read more →


Texas National Guard at Texas-Mexico border as part of Operation Lone Star. (Image via Texas Military Department Facebook page) Military personnel face lots of challenges. One unexpected one for some Texas troops is the Internal Revenue Service. Texas National Guard members deployed to the Texas-Mexico border as part of Gov. Greg Abbott's Operation Lone Star could end up paying hundreds or even thousands of dollars in unexpected federal taxes, according to a report by the Texas Tribune. The problem is a payroll error made by state officials. Incorrect withholding by employer: The Tribune story says the payroll system used by... Read more →