Filing income tax forms can be a complicated and somewhat painful process. Gathering documents is a chore. Tax forms can seem confusing to the uninitiated. And military families face additional obstacles at tax time: they may not know about certain military-specific tax provisions that can benefit them, and they are also prey to certain tax schemes that target the military community.
Sometimes deployments come with advance notice, but other times they can be sprung upon military families suddenly. While service members generally go through some pre-deployment processing, family members do not. Here are some tips for preparing for a deployment.
Written by Cloud Spurlock, Federal Retirement Thrift Investment Board | December 19, 2019
If you’re considering a role in the federal workforce after you leave uniformed services, you’re in good company. About one out of every three current federal civilian employees is a veteran, according to the U.S. Office of Personnel Management. Veterans who choose to continue serving our country as federal civilian employees bring unique skills, leadership experience, and diverse perspectives that enhance every corner of government work.
Written by Allison Spurgin, AFC Candidate® | November 11, 2019
Recently the federal government instituted a change to the way they use servicemembers’ credit reports. Previously, the Department of Defense only checked credit reports when servicemembers’ security clearances were up for renewal. This meant that depending on your clearance level, the military was only looking at credit reports and scores once every 5 or ten years. That is no longer the case: now the Department of Defense will be continuously monitoring service member’s financial health.
I didn’t notice the charge at first. It was a small amount, and it didn’t trigger my credit card alert, which I have set to email me a notification when a charge over a certain amount posts. Eventually, though, I was looking over our credit card statement, and something didn’t look right. I finally figured it out – my husband had signed up for a subscription to an online magazine a few months back and had forgotten to cancel it.