Last Update: Wednesday, July 23, 2014

Tax Breaks, Benefits Available to Military Families PDF Print E-mail
Written by Jason Alderman   
Thursday, 29 November 2012 06:06

As we honor our armed forces this Veterans Day, let's also acknowledge the financial challenges they and their families often face, both while in service and after discharge. Fortunately, service members needn't go it alone: Many tax benefits, social services and financial assistance programs are available to help.

Special tax benefits for active duty personnel include:

• If you move because of a permanent change of station, you may be able to deduct unreimbursed moving expenses.

• If you serve in a combat zone for any part of a month, any military pay you received during that month is not considered taxable income.

• You can also include nontaxable combat pay as "earned income" when claiming the Earned Income Tax Credit for low- to moderate-income earners.

• Deadlines for filing tax returns, paying taxes, filing refund claims and taking other actions with the IRS are automatically extended for qualifying military members.

• Joint tax returns generally must be signed by both spouses. But, when one spouse is unavailable due to military duty, you may use a power of attorney to file a joint return.

• If you're an armed forces reserves member, you can deduct unreimbursed travel expenses for travel more than 100 miles from home to perform reserve duties.

• As you transition to civilian life, you may be able to deduct certain job-hunting costs.

• Most military installations offer free tax-filing and preparation assistance during and/or after tax filing season.

• The IRS's Armed Forces' Tax Guide provides an excellent summary of many important military-related tax topics ( ).

A few suggestions and precautions for military families facing financial challenges:

• Each base command offers free financial specialists to discuss personal finances and help with budgeting; many banks and credit unions also offer these services.

• Each military branch has a relief society and many grant emergency loans. Turn to them first before taking out a payday loan.

• Check-cashing outlets, pawn shops and other lenders are prohibited from charging more than 36 percent interest to military families for payday loans.

• If you do go off-base for financial assistance, you're responsible for disclosing your military status in order to receive military rates.

• Before signing loan documents, make sure you fully understand all conditions (annual percentage rate, monthly payment amount, fees, penalties, etc.) Don't hesitate to take the paperwork home to think it over or consult with a financial advisor.

• Avoid pawn shop loans that use your car's title as collateral. Besides paying a very high rate, missing a payment could cost you ownership of your car.

Many governmental and private organizations provide financial information aimed at the special needs of the military, including:

• The Consumer Financial Protection Bureau's Office of Servicemember Affairs ( ) features a variety of financial planning tools.

• Military OneSource ( ) helps service members and families juggle such concerns as money management, spouse employment, education, parenting, childcare, relocation and deployment.

•, a financial education program created by the Financial Industry Regulatory Authority to improve military members' saving and investing knowledge ( ).

• The GI Bill provides a broad range of education benefits for veterans ( ).

• The government provides an intensive, three-day Transition Assistance Program for separating or retiring service members and spouses to ease reentry into the civilian workplace ( ).

It's vital that our military understand the benefits available to them – as well as the financial pitfalls to which they may be vulnerable.

Jason Alderman directs Visa's financial education programs. To Follow Jason Alderman on Twitter: .

Last Updated on Thursday, 29 November 2012 06:19

Team members care for thousands of the region's sickest children with heart conditions, including fetuses, newborns, infants, children, adolescents, and adult, long-term patients with pediatric cardiovascular conditions. At Children's families experience coordinated, next-generation care, delivered by a compassionate, multidisciplinary team of leaders in the pediatric cardiology field. One of the largest pediatric cardiovascular programs in the region. Studies have shown that high volumes are associated with high quality and better outcomes, because experience is a major factor in quality of care. Wort was traditionally prescribed in parts of Europe for depression (in addition to use as a general-purpose tea), and Chinese medicine developed elaborate lists of herbs and preparations. With the scientific revolution in Europe and the United States, the use of traditional herbal remedies fell out of favor with the mainstream medical establishment, although a few people continued to use and maintain knowledge of traditional European herblore. In the early 20th century, scientists began reassessing this rejection of traditional herbs in medicine. Vorzüge eines intakten und lebendigen Gemeinschaftslebens bewahren. Dafür sorgen nicht zuletzt gut 120 lokale Vereine. Als wichtiger Faktor im Kulturleben haben sich die zahlreichen Museen und einige Kunstgalerien erwiesen. Descriptive and quantitative transcriptome analyses are important for interpreting the functional elements of the genome and revealing the molecular constituents of cells and tissues. It is known that sperm function can be affected by ASG proteins, including the processes of capacitation and the acrosome reaction, as well as canadian pharmacy accutane sperm motility, DNA integrity and interaction with the oocyte. BSPs (bovine seminal plasma protein, unigene 64,588 and unigene 69,768), fertilin (unigene 17,270 and unigene 27,136), ACE (Angiotensin converting enzyme, unigene 7,164 and unigene 21,069), GPX5 (glutathione peroxidase, epididymal secretory glutathione peroxidase, unigene15860), Spermadhesin-1 (Acidic seminal fluid protein, aSFP). The reproduction-related transcripts identified in the ASG and testis transcritptomes in E. This interaction of PDC-109 with the sperm cell membrane results in an efflux of cholesterol and choline phospholipids, that appears to be important for capacitation. The main changes in spermatozoa that occur during epididymal maturation are the ability to move, recognize and bind to the ZP, and to fuse with the plasma membrane of the oocyte.. Oct 2004, Adelaide, Australia. Ziaian T, Augostinos, M. Relationship Between Acculturation and Mental Well-being Among Young Persian Women Living in Australia. Paper presented at the Educational Research conference, 18th November 2004, Adelaide, Australia. Ziaian T, Stress Management: an introduction of holistic coping strategies. A Four day Course for the higher degree students. Targeted molecular therapy for advanced epithelial ovarian cancer. Minimally invasive surgery for gynecological cancer. Pharmaceutical Sciences from Shizuoka College of Pharmacy (1976, Japan). He has completed his B. Prophylactic removal of nevi without clinically worrisome characteristics is not recommended. The reasons for this are practical: many individuals in these families have a large number of nevi, and complete removal of them all is not feasible, since new atypical nevi continue to develop. In addition, individuals with increased susceptibility to melanoma may have cancer arise de novo, without a precursor lesion such as a nevus. The disadvantages of screening include the limitations of available noninvasive testing methods and the risks associated with invasive screening procedures. ERCP is the gold standard for identifying early cancers and precancerous lesions in the pancreas..