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Military Saves Week Reporting Survey
Five Tax Tips for Service Members and Their Families
by Lila Quintiliani, AFC®, Military Saves Program Manager
- Find Out if the New Tax Legislation Affects You
Check and see if you need to take action before you file or whether you may need to file an amended return for a previous year.
New Tax Legislation Puts More Money into the Pockets of Many Military Families
by Lila Quintiliani, AFC®, Military Saves Program Manager
There are several new pieces of legislation that may affect military families’ 2018 tax returns. The implementation of the Tax Cuts and Jobs Act, the Veterans Benefits and Transition Act, and the Combat-Injured Veterans Tax Fairness Act will mean that most military families will be paying less in taxes this year. In some instances, though, taxpayers will have to take action in order to see the benefits of the legislation.
Steps for Dealing with an Unexpected Loss of Income
by Lila Quintiliani, AFC®, Military Saves Program Manager
There are some drops in income that can be predicted (retirement, multiple kids in college) and then there are others that just blindside us (loss of a job, furlough). In cases like these, even large emergency funds may eventually run out. It’s important, however, to keep a level head and as much control over personal finances as possible given the circumstances.
Job Interrupted: A To-Do List for Tough Times
Originally published by FINRA
Many of us can identify with the plight of the furloughed federal worker. That's because we have experienced economically stressful times at one or more points in our working life—and may again.
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