116 Tax Savvy Tips for Military Personnel

There are lots of IRS rules and exemptions written for military personnel and families, but if you don’t know how to make those tax laws work for you, you’re going to pay more income tax than you owe, year after year.

Exclusions are available for certain types of military pay and allowances. Plus, the IRS allows military personnel to avoid tax penalties when selling their personal residence or cashing in retirement funds early, extends tax filing deadlines, offers special rules for certain tax credits, and provides tax breaks on certain types of military income and assistance.

Understanding which IRS rules and exclusions you qualify for can be confusing. This 92-page book cuts the confusion by explaining how different types of military pay affect your taxes, teaching military members how to maximize family tax breaks, showing you which states don’t tax military income and retirement pay, and providing you with the knowledge you need to pay less tax.

Whether you prepare your own taxes or take them to a tax professional, if you don’t understand IRS rules you will always pay more tax than people who understand the rules. This book explains those rules in simple terms.