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Relationships and Finances

Perhaps the only things in life that can rival the anxiety-producing effects of a relationship are money and finances. Money and finances in a relationship can cause a couple to worry and to have anxiety for their future. Combining both of these essential avenues in life, relationships and finances, can...
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Shake, Rattle and Roll… What Are the Insurance and Tax Implications?

Not too long ago, I was working in my home office when I was sure that the washing machine upstairs was completely unbalanced. As I started up the stairs I realized that the washing machine was off and I was going through an earthquake. I spent a few years in...
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Cash for Clunkers…Or the Tax Consequences of Donating Your Vehicle

After my 27 years in the USAF, I’m convinced that military members are some of the most generous people in the world. Folks routinely give of their time, money and possessions to help those less fortunate than themselves. If you have considered donating a car to charity, you may be...
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Full-Time Student on the GI Bill? You Might Be In a Unique Tax Situation

I had someone propose an interesting question to me the other day regarding Tax Returns. The basic question went something like this: “I’m a full-time student on the GI Bill and I have zero income. Should I file a tax return?” My first thought was, “No you have no requirement...
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Which Benefits Are Available to LGB Military Families?

Gay soldiers, sailors, airmen and Marines have been able to serve openly since September 20th, 2011, when the Don’t Ask, Don’t Tell policy was officially revoked. However, due to the Defense of Marriage Act (DOMA), the federal government is barred from recognizing same sex marriages – even if a couple...
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How to make the most of your paycheck

Your pay in the military is fixed by your rank and time in grade. That’s part of the appeal of the service. Making that paycheck stretch is something many struggle with, especially as they are starting out. There are things you can do that effect the amount of pay you...
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Combat Pay and the Earned Income Tax Credit

The Earned Income Tax Credit (EITC) has been a part of the tax code, in one form or the other, since 1975. According to the IRS the EITC exists, “in part to offset the burden of social security taxes and to provide an incentive to work.” Because of the numerous changes...
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Military Tax Benefit: Delayed Actions When In a Combat Zone

Dealing with the IRS is stressful enough. It can become even more stressful if you or your spouse is in a combat zone. The Government realizes this and those serving in a combat zone have some special exemptions for taking action with the IRS. Taking action can include: filing your taxes,...
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Your Rich Uncle Wants to Help You Save for Your Retirement

Your rich Uncle (Sam, that is) wants to help you save for your retirement. In fact, through the tax code the US Government has done several things to help pick up the tab for your retirement savings. I’ll review a couple that you may already be familiar with and then...
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Getting The Most Out Of Military OneSource

The Department of Defense offers military families a comprehensive resource for all aspects of readiness, resilience, and even recreation. The program, called Military OneSouce, is meant as a virtual extension of on-base services. It offers one source of easily accessible information, resources, and services for military families. For example, Military...
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