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What troops and families need to know about filing taxes in 2024
Here's the skinny on some rules and resources that can save you money this tax season.
By Karen Jowers
New law eases tax repayment pain for more than a million troops
Legislation would stretch out the payments over a 12-month period instead of four months.
By Karen Jowers
New in 2021: Your military paycheck is about to get smaller
Unless you were able to put aside the extra money for the last four months, you may be feeling the pinch.
By Karen Jowers
Lawmakers move to ease tax repayment pain of more than a million troops
Legislation would stretch out the payments over a 12-month period instead of four months.
By Karen Jowers
Feds get extended payroll tax timeline, likely pay increase in 2021
Federal employees and service members will be able to extend payments back to Social Security over 12 months, rather than the initial four-month timetable
By Jessie Bur
Senator urges delay in collecting troops’ deferred taxes
Collection of deferred taxes should be delayed until October, senator says.
By Karen Jowers
Payroll tax deferral bill fails unanimous Senate hurdle
The bill's Senate cosponsor, Chris Van Hollen, D-Md., called the decision to not pass legislation allowing feds and servicemembers to opt out of the program 'political cowardice.'
By Jessie Bur
Here’s when your 2020 military tax statements will be ready
Get your tax statement faster on myPay; retirees' 1099Rs will be available on Dec. 15.
By Karen Jowers
Combat pay exempted from state income tax for New Jersey residents
New Jersey Democratic Gov. Phil Murphy on Monday signed bipartisan legislation exempting combat pay earned by members of the military from the state income tax.
Wanting a tax deferral opt-out a ‘reasonable issue,’ says Trump official
Department of Treasury Secretary Steven Mnuchin responded to concerns that federal employees and members of the military are required to participate in a new payroll tax deferral program.
By Jessie Bur
More than a million troops to get temporary pay hike with payroll tax deferral — but there’s a catch
As of now, you'll have to pay it back starting in January.
By Karen Jowers