U.S. Armed Forces | Tax Insights

Entries Tagged ‘U.S. Armed Forces’:

Combating Your Tax Return – Part II: A Brief Overview of Special Tax Provisions for Members of the U.S. Armed Forces

filed in Tax Tips on Feb.10, 2010

Part II of “Combating Your Tax Return” continues with several additional special tax rules for members of the U.S. Armed Forces:
• In order to be entitled to make contributions to an individual retirement account, an individual must have earned income that is includible in their adjusted gross income for tax purposes. Previously, this income did not [...]

Tags: adjusted gross income, allowable IRA contributions, Arizona tax, armed forces, Casa Grande Tax, combat pay, combat zone, Earned Income Tax Credit, EITC, extended duty, federal tax, First-Time Homebuyer Credit, individual retirement account, IRS, local tax, retirement account, Scottsdale Tax, state tax, tax law, tax return, tax rules, taxpayer, Tempe Tax, U.S. Armed Forces

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Combating Your Tax Return – Part I: A Brief Overview of Special Tax Provisions for Members of the U.S. Armed Forces

filed in Tax Tips on Feb.09, 2010

I was recently approached by a friend, who is currently serving in the Navy, for help in the filing of his tax return. Before I could acquiesce, I needed to read up on the many special tax rules relating to members of the military. While not all-inclusive, below are some of these provisions:

Of the many [...]

Tags: Arizona tax, armed forces, BAH, BAS, Basic Allowance for Housing, Basic Allowance for Substinence, Casa Grande Tax, combat zones, deductible, duty, earned, federal tax, Government quarters, income tax, local tax, military, personal residence, qualified official extended duty, real estate taxes, Scottsdale Tax, special tax provisions, state tax, tax return, tax rules, taxable, taxpayer, Tempe Tax, U.S. Armed Forces

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Entries Tagged ‘U.S. Armed Forces’:

Combating Your Tax Return – Part II: A Brief Overview of Special Tax Provisions for Members of the U.S. Armed Forces

Combating Your Tax Return – Part I: A Brief Overview of Special Tax Provisions for Members of the U.S. Armed Forces

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