Military allowances can greatly expand your military pay, making it go a lot further. This alone makes military allowances one of the great incentives for joining today's military.
Before they were famous, many truly influential men and women started by serving their country in the US military or grew up in military families.

How Military Allowances Expand Your Military Pay

Posted:

Who doesn't need help covering the costs of living, especially in today's economy? When you're in the military, you get financial help over and above your military pay. These come in the form of a variety of military allowances.

Military allowances can greatly expand your military pay, making it go a lot further. This alone makes military allowances one of the great incentives for joining today's military.

But there's more. As an added incentive, most military allowances are non-taxable. This is another large benefit, as military allowances are designed to pay for basic living costs that would otherwise come from your military paycheck, which is taxed.

So when you're figuring out how far your military paycheck will go, don't forget to include the added mileage of your military allowances.

Explore the various military allowances to find out if you're eligible. Military allowances have a wide range of requirements (i.e. pay grade, location, marital status, etc.) and chances are good that you qualify for at least some, if not most, of today's available military allowances.

BASIC ALLOWANCE FOR HOUSING (BAH)

Basic Allowance for Housing (BAH) is paid to uniformed service members to provide housing compensation based.

Basic Housing Allowance is payable when government quarters are not provided or when temporarily residing in barracks. BAH is based on pay grade, zip code, and dependency status.

BASIC ALLOWANCE FOR SUBSISTENCE (BAS)

Basic Allowance for Subsistence (BAS) is basically a military food allowance. BAS is based on the military service member's needs only, as BAS is not intended to cover military spouses and/or family members' food/subsistence costs.

As of January 1, 2009, all eligible enlisted military members can draw full BAS at a monthly rate of $323.87. Military officers can draw a BAS monthly rate of $223.04.

Service members who draw BAS are required to pay for their own meals, even if meals are provided by the government.

COST OF LIVING ALLOWANCE (COLA)

Cost of Living Allowance (COLA) is a cash allowance intended to compensate military servicemembers for high cost of living areas.

COLA is not assigned to areas where the cost of living is less than of meets the average of that in the United Sates. A service member must be permanently assigned to the area to receive COLA.

CLOTHING ALLOWANCE

A military clothing allowance is given to Airmen, Coast Guardsmen, Marines, Sailors and Soldiers to help pay for uniforms and other clothing costs. To find SELRES personnel clothing rates check with your local Navy Operational Support Center.

FAMILY SEPARATION ALLOWANCE (FSA)

Family Separation Allowance (FSA) provides compensation for added expenses incurred because of an enforced family separation. FSA is payable to qualified members serving inside or outside the United States. For FSA, all military pay grades receive $250.00.



RELATED ARTICLES:

Get answers to Your VA Loan Questions
Expert Answers are Ready:
Question Big

Does a VA home loan require an escrow account for taxes and insurance?

In doing my research comparing a VA loan versus a conventional loan, it appears that if you put 20% down on a conventional loan...

How do I restore my VA loan eligibility?

I used by VA home loan eligibility on a home purchase back in the 80's. I paid it off years ago. I want to purchase another home...

Can my military housing allowance be used to buy a home with a VA loan?

I am active duty military and government housing is not available at my base. Can a VA lender can count my BAH income...

more about VA LOANS



VA Loans for Veterans

Sponsor:

Complimentary VA loan pre-approvals will give you the comfort you need to shop for your home with confidence. VA refinance loans available.


VA Home Loans

About Military Hub
Privacy Policy
Contact / Advertise

Copyright © 2008 - 2017
Advertise Military, LLC
All Rights Reserved

Disclaimer: MilitaryHub.com and MilitaryRates.com are private websites that are not affiliated with the U.S. Department of Veteran Affairs, any U.S. government agencies, or any U.S. military branches. Our sites contain basic information about veteran benefits, pay tables, current events, and news for active duty military personnel, military veterans, and their families. You can find additional information on these topics at the official website for U.S. Department of Veteran Affairs.