Tax Information for Members of the Military | |
Combat Pay Can Count toward Economic Stimulus Payment Eligibility IR-2008-48, March 20, 2008 — Military personnel serving in combat zones have the option of including their nontaxable combat pay on their 2007 or 2008 income tax returns if it helps their eligibility for the 2008 economic stimulus payments. Active-Duty Reservists Get Relief on Retirement Plan Payments: Refunds of 10-Percent Tax Available Back to 2001, New Law Says IR-2006-152, Sept. 28, 2006 — Recent law change provides benefit to certain members of the military receiving early payments from pension plans and IRAs. New Law Expands IRA Options for Military IR-2006-129, August 18, 2006 2007 Publ 3 (PDF) Armed Forces' Tax Guide Tax Information for Members of the U.S. Armed Forces Members of the U.S. Armed Forces, especially those serving in combat zones, face some special tax situations and are entitled to some special tax benefits. Credits Taxpayers should consider claiming tax credits for which they might be eligible when completing their federal income tax returns, advises the IRS. A tax credit is a dollar-for-dollar reduction of taxes owed. Some credits are refundable – taxes could be reduced to the point that a taxpayer would receive a refund rather than owing any taxes. EITC Information for Members of the Military The Earned Income Tax Credit (EITC) may benefit members of the armed forces who have low incomes.. Employers with Employees in a Combat Zone FAQs for employers whose workers deploy to a combat zone Extension of Deadlines - Combat Zone Service Extension of deadlines for combat zone service Retirement Plans FAQs regarding USERRA and SSCRA Insights into the re-employment of veterans and the restoration of retirement plan benefits, as affected by the Uniformed Services and Reemployment Rights Act (USERRA) and the Veterans and Sailors Civil Relief Act (SSCRA). Miscellaneous Provisions - Combat Zone Service Miscellaneous provisions related to combat zone service Free Tax Return Preparation For You by Volunteers IRS-certified volunteers provide free tax assistance through the Volunteer Income Tax Assistance (VITA) program for persons with low-to-moderate income and through the Tax Counseling for the Elderly (TCE) program for persons age 60 and older. Moving Soon? Let the IRS Know Tax Tip 2008-16, Jan. 23, 2008 Did you know that there are events in life that may have a significant tax impact? Many times we experience significant life events that have a tax impact too! This page is designed to help you while explaining to taxpayers the tax impact of these events. IRS e-file for Individuals A quick, easy, smart way to get your taxes where you want them to be --- Done! More Assistance More tax assistance for individual taxpayers. Tax Trails - Main Menu Tax Trail Main Menu Main Index of Tax Topic Categories An online version of our voice-response system. This area contains helpful tips and pointers to relevant resources for taxpayers. Individual e-file Electronic Tax Filing Program Overview IRS e-file for Individual Taxpayers What's Hot In Tax Forms, Publications, and Other Tax Products Check out the latest changes on our published tax forms and publications and get a heads up on tax law changes that will be reflected in future revisions of tax products. Frequently Asked Tax Questions and Answers Welcome to the Internal Revenue Service's questions and answers section. |