Military Financial & Legal Assistance | Military OneSource
Managing money and legal affairs are part of mission readiness. Military OneSource provides strategies on consolidating and paying down debt, saving for retirement or college, and creating a financial plan that will lead to financial security. Link to installation legal services that protect you and your family from mishaps. And discover how Military OneSource MilTax free tax filing services can make quick work out of tax return preparation and filing. Set financial goals for your future by tapping into the information and resources available through Military OneSource. Call Military OneSource at 800-342-9647 or live chat to schedule a free appointment with a MilTax consultant or a financial counselor. OCONUS/international? Click here for calling options.
When major changes happen that affect your income or your assets — such as the death of a family member or the pending start of college — the last thing you want to consider is taxes.
A power of attorney is a written document that gives one person the authority to act on another's behalf for any legal or economic issues for a specified time. You can tailor your powers of attorney for any situation, choosing between a general power of attorney or a special power of attorney, and whether the power of attorney is durable or not.
Deployed service members are expected to file their taxes. Fortunately, the Internal Revenue Service realizes service members and their families face unique circumstances and offers tools — and some special extensions — to make tax filing easier.
MilTax is a suite of free tax services for the military from the Department of Defense, including easy-to-use tax preparation and e-filing software, personalized support from tax consultants, and current information about filing taxes in the military.
T-A-X-E-S. It’s that time of the year again, and if there’s good news to be had, it’s that you have access to special assistance as a member of the military community in getting your taxes in order.
You have a unique vision of what you want the future to look like. Maybe you want to buy a home, send your children to college or you’re looking toward retirement. When it comes to planning for your “some-day” expenses, they become a lot more attainable if you start planning and saving early.
If you’re having serious financial problems, your service relief organization may be able to help. Army Emergency Relief, the Navy-Marine Corps Relief Society and the Air Force Aid Society are here to help you weather financial emergencies.
As a guardian of our nation, you protect the American way of life. The Federal Voting Assistance Program is here to ensure you and your family are able to exercise your right to vote.
As a service member or eligible member of a military family, you have access to free legal benefits and services through your legal assistance office — for a wide range of circumstances, from reviewing a lease agreement to doing estate planning to getting advice if you get sued.
Did you become an expert on capital gain exclusions before your last permanent change of station? Don't worry - as a service member, you have free access to MilTax, Military OneSource tax services.
Many military families end up owning rental properties, which can bring special tax challenges. Here’s what you need to know to understand the potential tax impact of your rental property.
Take advantage of tax savings if you are pursuing higher education. If you are a student or parent with an eye toward maximizing your tax deductions, make sure to connect with MilTax , Military OneSource tax services.
If you can’t file your federal tax return by the April 15 – April 17, 2017 – deadline, then consider filing for an extension. Doing so is more common than you may think.
Tax laws have changed, and they are likely to affect you. Learn how you can take steps now to maximize your benefits under the new Tax Cuts and Jobs Act and protect against an unexpected tax bill or penalty next year.
Service members and their families have access to substantial resources to save money and manage your expenses. Learn more about ways to save and protect your family’s financial health with the following programs:
During Military Consumer Month, and whenever you sit down to work on your financial goals, think through how you can maximize what you earn, spend wisely, protect your assets and be a savvy borrower, saver and investor.
The coronavirus outbreak may affect many aspects of your military life, including financial readiness. If you and your family are experiencing challenges, the Department of Defense offers a number of services to help you take control and minimize financial distress.
Service members and families who have been affected financially as a result of travel restrictions, closures and other events from the coronavirus can check with their service relief organization to see if emergency help is available
You've got the discipline to start saving early for your children's education. The popular 529 plans are flexible, offer tax savings and are available in every state to start planning for college.
Learning to balance your budget is a necessary life skill. While it sounds like a chore, once you develop some sound budgeting strategies, you can enjoy the security it provides and build wealth. Plus, keeping sound finances is important for your security clearance.
Knowing what to expect when you meet with an attorney can make your meeting more productive and efficient. Get the most out of your time together by following these tips before and during your meeting.
Great strides have been made on behalf of the lesbian, gay, bisexual and transgender (LGBT) community. The following information will help you understand benefits and protections for lesbian and gay service members.
Report the crime to the nearest military police agency, whether the victims are on a military installation or if military personnel were involved. Don’t take matters into your own hands if the situation is dangerous.
It’s your civic duty as an American to vote. It’s also your right to make sure you’re voting for the candidate who will do the best job for your community, state and nation.
Although writing a last will and testament is not required, it is recommended that service members and their families have wills, even if you do not have kids or valuable property. A valid will is a legally binding document that ensures your wishes are carried out after your death.
Every year, thousands of foreign-born service members and their family members become U.S. naturalized citizens. Learn more about steps to become a U.S. citizen and how you can use your military service to speed up the process and save money for processing fees.
Just about any way you look at it, divorce stinks. There are emotional and confusing legal issues that need to be faced. You can ease the time, costs and heartache of a divorce by understanding what you need to consider as you go through the legal process.
You can get a solid estimate in less than five minutes using free retirement pension calculators for both the High-36 and Final Pay legacy retirement systems offered by the Department of Defense. Here’s how to use them – and what you can do to adjust the outcomes to fund your future retirement lifestyle.
Millions of people each year fall victim to identity theft or military scams of some kind. If you fall prey, it can cost you money, time and lots of stress. It happens when you let your guard down. Safeguard your Social Security number, military ID and other sensitive data. See how.
MilTax is available to service members, including members of the National Guard and reserves, immediate family members and eligible survivors. To ensure easy access to MilTax tax preparation and e-filing software, please review these tips and the included step-by-step guide to access the software.
You want your family to be in the best care possible. Create a family care plan to provide the information and documents necessary for a designated caregiver to care for your family until you come home.
Caring for a child of a deployed service member is an opportunity to serve the country in a unique way. Like everything, a little preparation and the right information will go a long way towards ensuring a smooth transition.
Whether you're doing taxes yourself or getting professional support from resources like Military OneSource MilTax or the Volunteer Income Tax Assistance program, the process can be a lot easier if you understand important tax terms.
When you’re on the move, it can be hard to know where to file your state income taxes. Thankfully, active-duty service members and their spouses have certain protections under the Servicemembers Civil Relief Act, including protections about where you claim residency for purposes of taxes and voting. There are rules for military service members and slightly different rules for military spouses.
Many military spouses – and even some service members – have started a business or side job in today’s gig economy. Being your own employer means responsibility for additional taxes and tax reporting.
Service members who move due to a permanent-change-of-station move may be eligible to deduct some of their unreimbursed moving expenses from their federal income tax returns. Most moving costs are covered by military allowances, so you’ll want to save your receipts and log your expenses to calculate any possible deduction at the end of the tax year.
Getting a tax refund may seem like free money, but it’s not. A tax refund is money you worked hard to earn last year and overpaid to the government. So, before you let it burn a hole in your pocket, think about putting it to better use.
This year, take command of your taxes. The Volunteer Income Tax Assistance program, provided through the Armed Forces Tax Council, provides coordinators for the Army, Marine Corps, Navy, Air Force and Coast Guard.
Military members who serve their country as part of the National Guard or a branch’s reserve component may qualify for retirement benefits – including a Blended Retirement System pension and Thrift Savings Plan retirement payments. You can estimate what your potential retirement payments may be with the official BRS military pay calculator.
Want to protect your hard-earned cash? Military discounts go a long way. Always ask retailers, restaurants, airlines, motels and other establishments, “Do you have a military discount?” Meanwhile, here are 25 other money-saving tips. Go ahead, wave your frugal flag.
Retirement can feel like a long way away, especially if you’ve only just started your military career. Still, what you save today will grow significantly by the time you’re ready to retire – even if it’s only a little bit each month.
You know the drill: paperwork comes with the military. It also comes into play for legal protections — in your professional and personal life.
When legal issues arise, service members and their families have a number of resources at their fingertips, much of it free. Legal assistance is available whether you need an expert to review a contract, help with estate planning, finalize deployment-related legal documents, or get advice on mediation for child custody.
Buying a car or appliance? Applying for a loan? Paying off debt? Saving for college? Take more control of your personal finances. Military OneSource has assembled 11 calculators to show you how to pay off debt and help you better manage life's financial decisions.
While you’re deployed, you may want to rent your home or leave it in the hands of a house sitter. Both options can help deter break-ins, keep it maintained and, if you rent it, pay the mortgage.
As a member of the military, you know to be prepared for anything. That’s why building and maintaining an emergency fund is key to financial readiness.
As service members, you have the right to keep your personally identifiable information private. Meanwhile, the public has the right to access federal agency records.
Whether you’re living on or off the installation, driving under the influence or possessing or using marijuana can get you in serious trouble in the military. You should understand the consequences of these legal issues and how to handle them, if you do land in legal trouble.