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Military veterans in Arizona, Utah, Indiana, Nebraska and North Carolina no longer have to pay income tax on their military retirement benefits, joining a number of other states in not taxing ...
For example, if you qualified for disability payments before September 25, 1975, or if your disability is the result of an injury sustained in armed conflict, your military disability retirement ...
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
A Qualified Employee Discount is defined in Section 132(c) as any employee discount with respect to qualified property or services to the extent the discount does not exceed (a) the gross profit percentage of the price at which the property is being offered by the employer to customers, in the case of property, or (b) 20% of the price offered for services by the employer to customers, in the ...
Basic Allowance for Housing (BAH) is calculated based on several factors, primarily the location of the military member's duty station, their pay grade, and whether they have dependents. BAH rates are determined annually by the Department of Defense and are intended to cover a portion of the housing costs for military personnel.
There are a number of financial benefits of getting married -- whether you are in the military or not -- including being able to split living costs, paying less in taxes and qualifying for ...
Servicemembers have different rules and regulations with regards to taxes that make child support a more complicated process. Because some military income and deployment benefits are not taxable, a court must decide to levy obligations based on pre-tax income or post-tax income.
Submarine duty pay: Varies by rank and time in service; Sea duty pay: Varies by rank and time in service; Flight pay: For members on flying status. Monthly pay varies by rank and flight experience. Jump pay: For military parachutists who meet the requirements. Regular is $150 per month, HALO is $225 per month; Foreign Language Proficiency Pay