MILSPOUSE BLOG
Subscribe To These Year-end Tax Ideas! Wouldn’t it be nice if we could just unsubscribe, unfollow, or quietly ignore the annual friend request we get from the IRS every year? But as effective as that might’ve been with the kid who sat next to you in 10th grade science class – taking that approach…
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Military Relief Societies If you find yourself dealing with an emergency that brings with it unexpected expenses, financial support is available. Four military relief societies stand ready to help. Types of Support Army Emergency Relief Society, Navy-Marine Corps Relief Society, Air Force Aid Society and Coast Guard Mutual Assistance provide no-interest loans, grants and many…
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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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Beware of Employment Scams Every PCS season transplants military families around the country and even the world. As a result, many military spouses may be looking for jobs in a challenging job market. Beware, military spouses! Not all job opportunities are created equal. Some are scams. So, in addition to having a winning resume, here…
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The COVID-19 pandemic sweeping the country and world is having a dramatic impact on how we live our lives and function within our communities. Many of us are affected by school and work closures and possibly even stay-at-home orders. Military families may also face additional uncertainty with the Stop Movement order impacting future assignments and…
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It’s tax time again. And while the federal income tax filing deadline for 2019 has been extended to July 15, 2020, that date will be here before you know it. Whether you’re preparing your own taxes or seeking professional assistance, here’s some guidance on what documents you need and where to get additional support to…
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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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Reimbursement for Relicensing & Certification Fees for Military Spouses The Department of Defense (DoD) recognizes the challenges many military spouses face maintaining a career while moving every few years. So, the DoD introduced the National Defense Authorization Acts of 2018 and 2020, which allow each branch of service to reimburse military spouses for qualified relicensing…
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Back to School on a Budget It’s back to school time! And while parents may be breathing a collective sigh of relief, it might be a different story when it comes to their wallets. According to a recent survey, families with school-age children spent on average almost $700 in 2019 to equip their kids for…
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Post-9/11 GI Bill Transferability Rules Significant changes were made to the transferability rules for the Post-9/11 GI Bill, which were to become effective in July 2019. However, the Pentagon recently delayed these changes until Jan. 12, 2020. It is important to act now if these changes impact you and your family. Transfer Post-9/11 GI Bill…
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