Posts tagged: military
There are some tax rules exclusive to the military, and the IRS wants to remind active duty and reserves of them so they can maximize their returns:
Moving expenses: active-duty military can deduct “reasonable, unreimbursed” moving expenses incurred because of a change of station.
Combat pay: Monthly pay for enlisted persons and warrant officers is untaxed if they served in a combat zone that month.
Travel to reserve duty: Members of the Reserves can deduct unreimbursed travel expenses for traveling more than 100 miles from home to perform reserve duties.
For a full list of military tax tips, visit http://www.irs.gov/newsroom/article/0,,id=210896,00.html