JANUARY 28, 2019 - Most service members and their families will see a reduction in their tax bills this year, but there are a number of changes in U.S. federal tax laws that they need to be aware of, said Army Lt. Col. Dave Dulaney, the executive director of the Pentagon’s Armed Forces Tax Council. “The last tax year has been quite exciting with all the changes that were … [Read more...]
Defense Department Successfully Closes Blended Retirement System Opt-In Window
JANUARY 15, 2019 - The Blended Retirement System opt-in enrollment period closed at midnight on Dec. 31, 2018, capping off the successful roll-out of a new retirement system for members of the uniformed services. More than 400,000 DOD service members chose to opt into BRS during the enrollment period, and more than 150,000 new members were automatically enrolled upon entering … [Read more...]
DOD Budget Explained
NOVEMBER 27, 2018 - Team Mildenhall has been home to many upgrades over the last few years, from technological upgrades like a 3-D printer to updated building construction and renovated security throughout the entire base. How does RAF Mildenhall get these upgrades, and who decides how the money is spent? “The budget is the deciding factor,” said Master Sgt. Jonathan … [Read more...]
Moving Expenses Now Taxable for Civilian Employees
NOVEMBER 21, 2018 - The Tax Cuts and Jobs Act, passed December 2017, eliminated a number of deductions that taxpayers have come to rely on. One of these was the moving expense deduction. The act eliminated the deduction for the tax year 2018 through the tax year 2025. However, the deduction will come back in 2026 unless Congress intervenes to eliminate it permanently. This … [Read more...]
Veterans, Your Dreams of Entrepreneurship Can Become Your Reality
OCTOBER 26, 2018 - At some point, you may entertain the idea of being your own boss. Maybe you already have? Imagine doing work you like to do when, how, and where you want to do it. These are the obvious pros of having your own business. There is so much more to consider when it comes to entrepreneurship, and it starts with the preparatory work. According to the U.S. Small … [Read more...]