Category Archives: Military

Combat-Zone Contract Workers Qualify for Foreign Earned Income Exclusion

The following article was published by the IRS. Certain U.S. citizens or resident aliens, specifically contractors or employees of contractors supporting the U.S. Armed Forces in designated combat zones, may now qualify for the foreign earned income exclusion. The Bipartisan … Continue reading

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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

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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

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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

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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

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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

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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.

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