Every American pays taxes. As a servicemember in the military, you are entitled to some unique tax benefits, advantages, timesavers and rebates - a service to you for your military service to our country.
Every American pays taxes. As a military servicemember, you are entitled to some unique tax benefits, advantages, timesavers and rebates - a service to you for your military service to our country.
To start, military members should use Free File to prepare and e-file their federal income taxes - it's online and it's free. In addition to avoiding the cost of an outside tax service or preparer, filing taxes electronically saves you time. The adage that "time is money" is especially true here: Free File informs you of the newest tax breaks, to ensure that all military servicemembers get the maximum tax rebates possible, as fast as possible.
If you're serving in a combat zone, the IRS automatically extends the deadline for filing your tax returns, paying taxes, filing claims for refunds and taking other actions related to federal income tax. The IRS also extends the deadline for some US Armed Forces deployed overseas.
Many US Armed Forces personnel are also eligible for the Earned Income Tax Credit. This a refundable federal tax credit is one of the most successful tax credit programs, helping lift the earned income of civilians and military members alike.
This is just the start of the tax breaks afforded to the military. Stay in touch with all the newest tax advantages for military servicemembers, right here at Military Hub.
