Special Tax Considerations

As a service member, the tax implications of combat pay, deployment or multiple moves can be daunting. This tax season you may also have questions related to the COVID-19 pandemic and federal relief efforts. Military OneSource MilTax services — designed specifically for the MilLife — can make tax time easier — and help maximize your tax refund.

The coronavirus disease 2019 pandemic led to some temporary changes in tax laws. These come on the heels of major tax reform – the Tax Cuts and Jobs Act. Learn how you can take steps now to maximize your benefits and protect against an unexpected tax bill or penalty next year.

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.

As part of the American Rescue Plan, eligible parents may receive monthly payments of their child tax credit 2021 throughout the year.

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.