As America's largest tax preparer, H&R Block knows military taxes. See why our experienced tax professionals are the perfect match for military personnel and their families. Military Tax Expertise - Get expert tax preparation and advice from an H&R Block tax professional trained in the unique tax issues surrounding the Armed Forces. Audit Assistance - H&R Block will be there … [Read more...]
6 Money Rules and When It’s OK To Break Them
With federal budget cuts and an uncertain economy, it’s always wise for military families to keep a close eye on their personal finance decisions. Nowadays, it seems like it is pretty easy to create a budget and financial game plan; that’s because of the tried and true money rules that you read in magazines, newspapers and trusted websites. However, some of the … [Read more...]
Reserve Pay
With basic pay and 70 types of special pays and allowances, military pay is customized to your situation. Changes in pay grade, duty status, your military occupation, duty station, or deployment status can have an impact on your pay. 2012 Reserve Pay Day/Statement Schedule 2011 Guard and Reserve Drill Pay Reserve Income Replacement Program Special Pay Military Reserve … [Read more...]
2011 Guard and Reserve Drill Pay Charts
Drill Pay (Pay rates effective January 1, 2011) The chart below shows monthly Drill Pay, assuming one weekend drill per month. Generally, there are four drill periods in one weekend drill. Drill Pay For 4 Drills - Enlisted January 1, 2011 Weekend Drill Pay Less than 12 Years of Service Years < 2 Over 2 Over 3 Over 4 Over 6 Over 8 Over 10 E-9 … [Read more...]
Military Reserve Component Retirement Pay
If you are a U.S. Reserve or National Guard member, you must meet the following minimum requirements to be eligible for retired pay at age 60: be at least 60 years of age; and have performed at least 20 years of qualifying service computed under Section 12732, Title 10, United States Code; and have performed the last six years of qualifying service while a member of the Active … [Read more...]