MILSPOUSE BLOG
Payroll Tax Deferral Military spouses, have you heard? To help provide relief during the COVID-19 pandemic, the Presidential Memorandum issued on August 8, 2020 temporarily defers Social Security — Old Age, Survivors, and Disability Insurance (OASDI) — tax withholdings for some Service members. This is known as the payroll tax deferral. What Does This Mean…
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One of life’s certainties is that it is uncertain, right? Life can throw a curveball in the form of a lost job, vehicle or home repair, health costs, or emergency travel, just to name a few. When these events occur, they can create havoc for a family’s financial stability. However, planning ahead and being familiar…
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Handling the myriad of activities leading to a deployment is daunting! You may find yourself juggling necessary household tasks, dealing with emotional stress, and managing financial changes because of the deployment. Here are five key financial planning actions to take before your spouse deploys. Communicate About Your Finances Make sure you are on the same…
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Whether you’re a military family, civilian family, or even the royal family, having a second income is likely a good thing! Yet, it’s a well-known fact that the frequent moves of military life can make it difficult for military spouses to find employment opportunities and contribute to their family’s income. But you don’t have to…
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