MilTax preparation and e-filing software is available mid-January through mid-October. Powered by an industry-leading tax service provider, it’s designed to address situations specific to the military. This easy-to-use, self-paced tax software walks you through a series of questions to help you complete and electronically file your federal return and up to three state tax forms. Calculations are 100% accurate – guaranteed by the software provider.
After the death of a loved one, the last things you want to think about are taxes. However, your loved one may be entitled to certain benefits, including tax forgiveness. Here are answers to some common questions about tax liability and forgiveness.
If you’re a survivor of a service member who has died on active duty, you may have the option of taking extra time to file your tax return.
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.
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.
Tax preparation for the service member is often more complex than that of a civilian because of the implications of deployments, combat and training pay, housing and rentals, and multi-state filing. Major life changes like death or starting college also affect income and assets. Understand how special circumstances determine your taxes.
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.
If you are filing taxes on behalf of yourself or a family member with special needs, you may be eligible for certain tax breaks.
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.
As part of the American Rescue Plan, eligible parents may receive monthly payments of their child tax credit 2021 throughout the year.
T-A-X-E-S. A five letter word that doesn’t have to bring on a feeling of dread. Be proactive and strategic about the way you prepare and file your taxes and how you spend your refund. As a service member or family member, take advantage of easy access to free tax consultations and financial counselors with military experience, along with secure online tax preparation and filing software.
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.
Better than any other tax service available, MilTax, Military OneSource tax services, understands what military life means in regard to taxes and offers free consultations and quick, accurate and flexible electronic filing options to eligible service members.
Service members and military families — here’s a benefit that helps you master your taxes. Free, easy-to-use MilTax software and support services can make quick work of tax time.
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.
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.