Category Archives: Military

Veterans Owed Refunds for Overpayments Attributable to Disability Severance Payments should File Amended Returns to Claim Tax Refunds

The following article was published by the IRS. The IRS is advising certain veterans who received disability severance payments after January 17, 1991, and included that payment as income that they should file Form 1040X, Amended U.S. Individual Income Tax … Continue reading

Posted in IRS, Military, Personal Taxes, Tax Refunds, Tax Tips, Taxes | Tagged , , , ,

Tips for Teenage Taxpayers Starting a Summer Job

Now that school’s out, many students will be starting summer jobs…from working at a summer camp to being an office intern. The IRS reminds students that not all the money they earn may make it to their pocket. That’s because … Continue reading

Posted in IRS, Military, Payroll, Personal Finance, Personal Taxes, Planning Strategies, Self-Employed, Tax Tips, Taxes | Tagged , , , , , ,

Special tax benefits for armed forces

Members of the military and their families are often eligible for certain tax breaks. For example, members of the armed forces don’t have to pay taxes on some types of income. Special rules could also lower the tax they owe … Continue reading

Posted in EITC, IRS, Military, Personal Taxes, Tax Credits, Tax Relief, Tax Tips, Taxes | Tagged , , , , , , ,

Massachusetts Veterans Assistance

It is not uncommon for many of us to struggle financially from time to time.  For residents of Massachusetts who have served in our military there is help.  A sample of the programs available to help our veterans include: Medical … Continue reading

Posted in Debt, Military, Personal Finance, Veterans, YouTube | Tagged , , , , , , ,

Military Tax Tips

Special tax benefits apply to members of the Armed Forces. You may be eligible for a combat zone exclusion, meaning that some or all of your combat pay could be tax-free. You could also get the exclusion if you’re hospitalized … Continue reading

Posted in EITC, IRS, IRS Video, Military, Personal Taxes, Tax Credits, Tax Deductions, Tax Tips, Taxes, Veterans, YouTube | Tagged , , , , , , , ,

Memorial Day Tribute

This Memorial Day, we wish to thank all those who have paid the ultimate price in the course of defending our freedom. “All gave some, but some gave all.” We are eternally grateful.

Posted in Military, YouTube | Tagged , , ,

Special Tax Considerations for Disabled Veterans

May is Military Appreciation Month, a time for Americans to honor the current and former members of the armed forces, including those who have died in the pursuit of freedom and peace. The IRS is committed to providing assistance to … Continue reading

Posted in EITC, IRS, Military, Personal Taxes, Tax Credits, Tax Relief, Tax Tips, Taxes, Veterans, Veterans | Tagged , , , , , , ,