You may be able to invest your entire military life insurance payout – up to $500,000 if you received the maximum $400,000 SGLI benefit and the $ 100,000 death gratuity. You don’t need to worry about losing access to your SGLI benefit by investing it. Under the law, the normal f...
a bigger refund at the end of the year. True, but that’s money you have loaned to Uncle Sam for the year instead of letting it grow. Look back at past years to see how much you end up paying and adjust accordingly so your withholdings are about as much as your final tax payment....