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Typically while deployed to a combat zone,military members are eligible to receive their contract bonuses 100 percent tax-free, as well. This can be substantial for an E-7 SEAL who is looking at a bonus of $150,000. Combat Pay Explained by Defense.gov ...
The debt ceiling is the maximum amount, set by Congress, that the government can borrow to cover its bills. This includes Social Security payments, military salaries, and more. The debt ceiling was first enacted in 1917 and was originally set at $11.5 billion. In 1939, Congress created the...
The important thing to keep in mind as you explore usury laws for your state is that your issuer isn’t necessarily bound by your state’s laws. Protections for military personnel There are also laws thatprotect those serving in the armed forces, and their dependents, from high interest rates...
Get a VA loan:Mortgages guaranteed by the Department of Veterans Affairs (VA) don’t require PMI. If you’re a military veteran, active-duty service member or surviving spouse, you might qualify for aVA loan, which doesn’t require a down payment or PMI. You’ll need to pay afunding ...
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Decide which type of move is right for you. When you receive a PCS, you can have the military pay for your move or pay for it yourself (personally procured) and ask for a reimbursement. While the second option requires more work, it may save you money. You will be paid the flat rat...
If you ever wondered what Doxxing is and whether you're at risk, you've come to the right place. We explain everything you need to know about this potential attack on your identity.
Ability-to-pay taxation is a progressive principle that maintains that taxes should be levied according to an individual's ability to pay.
It is also possible to reduce NII through charitable contributions, such as acharitable remainder trust. How to Pay the NII Tax You must report your NII on IRS Form 8960. This form can help entities that are required to pay the tax to calculate their liability. ...