Tax Breaks for the Military

If you are in the U. S. Armed Forces, there are special tax breaks for you. For example, some types of pay are not taxable. Certain rules apply to deductions or credits that you may be able to claim that can lower your tax. In some cases, you may get more time to file your tax return. You may also get more time to pay your income tax. Here are some tips to keep in mind:

6 Common Questions About Taxes

When filing their taxes, some people have tax questions that they’re too embarrassed to ask because they think they’re too simple. But this couldn’t be further from the truth. In fact, many of these common questions are extremely important to avoid making mistakes that could result in stiff penalties from the IRS.