July 12, 2016
Tax Tip: Rules for Home Office Deductions

Tax Tips For Military Families – Financially Simple

Tax Tips For Military Families “Tax Tips For Military Families”, If you or someone in your family is a member of the armed forces, you may be eligible for some important tax benefits. According to the IRS, military families may benefit from: Filing deadline extensions if you served in a combat zone or meet other requirements. Combat pay exclusions. Some forms of combat pay are not subject to income taxes. Expense deductions for moving, transitioning to civilian life, and traveling as a reservist. Free tax help on military bases. For more information about filing taxes as a member of the armed forces, consult a tax professional in your area or refer to Publication 3, “Armed Forces’ Tax Guide.” Tip courtesy of IRS.gov[13] 13 http://www.irs.gov/uac/Newsroom/Special-Tax-Benefits-for-Members-of-the-Armed-Forces https://www.irs.gov/publications/p3/ar02.html#en_US_2015_publink1000176299