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 a member of your service member’s support network, you may have heard the good news that both active duty and reserve military personnel received a 3.1% military pay raise in 2020 – among the biggest in a decade. Beyond the salary bump, you’ll be glad to know that your loved one has several ways to be financially fit.
As a service member, you’ve earned financial benefits to help protect your future.
When it comes time for your next military move, ensure that it’s a safe and successful one. Find out about new safety measures the Department of Defense has put in place to keep you and your family healthy and comfortable throughout the process.
While no actions can erase the pain you feel after losing a family member or loved one, getting your financial and legal affairs in order can be a small step in the right direction and can provide some peace of mind during this difficult time.
It can be overwhelming to think about leaving the home you shared with your deceased service member. Even if you are hesitant about taking this big step right now, it is helpful to know your housing options and available moving benefits — as well as some practical steps to take — that may help you with your move when that day comes.
One of the benefits of military life is the unique opportunity to experience life in different parts of the world and the chance to create a nest in a new place.
Whether you are house hunting, paying off debt or looking to buy car, financial calculators can help you explore financial decisions…before you spend any money.
When you’re relocating, let us help do some of the heavy lifting. Military OneSource specialty consultants can assist you with moving help every step of the way — whether you’re making a PCS move or transitioning out of the military.
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.
A permanent change of station overseas is a thrilling opportunity for your family to live abroad – a chance that few families get. An OCONUS move comes with the exciting promise of new cultures and experiences for your partner and children if they’re able to join you. Military OneSource provides online tools, personalized support and practical information to help with all the logistics of your overseas move so that you can get the most out of your adventure and start exploring your new home abroad.
Accessibility can mean different things to different people. It can range from a wheelchair ramp and wider doorways to something as simple as a special doorbell.
When you receive orders for a permanent change of station overseas, your mind may jump to thoughts of international travel, exotic foods and new experiences. There is work involved, yes, but Military OneSource provides relocation assistance as well as online tools and personalized support so you can focus on your new adventure.
If you’re planning your next military move due to a permanent change of station, you may be able to receive a dislocation allowance.
There are federal and state programs committed to providing additional assistance for families with special needs. As a military family, you also can count on the support of the Exceptional Family Member Program, or EFMP, and Military OneSource special needs specialty consultants.