“When my spouse is on temporary duty assignment, like right now, I am in single-parent mode. There is no backup. I have no family nearby.” Credit for Military Service for Federal Retirement Annuities Did you Get Social Security Credit for Military Service? How to File an Appea...
Reading this topic reminded me of the irrational argument often raised by those who wish to change the USFSPA. The argument claims the USFSPA is outdated. The line of reasoning is the statute was passed back when a military spouse was unable to pursue a career, and proposes that today (in ...
As an affiliate partner Military.com earns from qualifying purchases. Looking for Veterans Day travel and recreation military discounts for 2024? This list will be updated regularly as new discounts come in. All of the discounts have been confirmed, either through press release or direct communicatio...
For PCS travel, the Mileage Allowance in Lieu of Transportation (MALT) rate became $0.21 per mile on Jan. 1, 2024, down from $0.22 per mile. For temporary duty/temporary additional duty (TDY/TAD) travel, rates also changed on Jan. 1. The new rates are: Auto: $0.21/mile Auto, if ...
Military personnel, especially those in active combat zones, have several tax benefits available to them. One of the most important is the filing extension available for those on active duty overseas, which offers soldiers and their families some flexibi
- There is a $300 minimum for SBP base amount. If you select a coverage level % which results in less than $300 of your retirement pay being the base amount, $300 will be used.- Calculation is based on coverage for Spouse (not Child or Spouse&Child)Note that currently this app DOES...
TheRetirement Savings Contribution Creditis available to many service members – particularly those in lower pay grades. Even at higher pay grades, a large portion of military compensation is non-taxable, so it doesn’t count against the income limit for this credit. Taxpayers may miss the saver...
completing their college education (GI Bill), earning additional retirement benefits if they transition into the federal Civil Service employment system (military service credits), and even providing for their loved ones in the event a retiree predeceases their spouse (Military Survivor Benefit Plan)...
(and personally witnessed a couple) where a Sailor passes everything to an ex-spouse or someone they absolutely did not intend to, sometimes leaving their intended beneficiaries without anything. Even if your life hasn’t changed, state and federal laws are always changing. What might have been...
Obviously, my retirements were always automated. My taxable accounts weren’t always automated, so then I’d end up with a ton of cash, and I’d be like, “I really need to invest this,” but then when you have a ton of it, you’re like, “Whoa! It seems really high rate now...