New Resource Packet: January 2020 Tax Time Savings

Tax season is upon us. While most people dread gathering their documents and filling out tax forms, there’s no denying that tax time is a great time to kickstart a savings account or pay down debt.

In this resource packet, we share tax tips, resources for FREE tax filing, and tax scams to avoid.

Social Media Posts:

Post 1:

There are lots of scams and myths during #tax season. Here are 5 Things the IRS Will Never Do via @MilitarySaves:

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Download "Things The IRS Will Never Do" doc

Post #2

Expecting a #taxrefund? Make sure you have a plan for it! We love this tip from @MilitarySaves: SPLIT YOUR REFUND.

  • 30% for past expenses
  • 40% for present-day needs or wants
  • 30% into #savings for the future
  • #MilitarySaves

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Post #3

#Military: Check out these Tips to Save Money AND Heartache This Tax Season from @MilitarySaves because we know how frustrating #tax time can be!

Military Saves Resources:

Tips to Save Money AND Heartache This Tax Season: 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. Here are some important tips to keep in mind for this tax season.

Tips To Prepare You For Your Tax Preparation Appointment: Sometimes preparing for your tax appointment can be the most daunting part of filing a tax return. We’re here to help. Use this checklist for a seamless tax preparation appointment.

Things The IRS Will Never Do: Each tax season, Americans are bombarded with numerous IRS scams and fraudulent schemes. There are lots of myths and urban legends floating around social media and the internet.

Split It! Have a Plan for Your Refund: Have a plan in mind when you file your taxes. If you’re due a refund, go ahead and split it up into multiple accounts (think checking, saving, and retirement or college saving account) using the 30-40-30 plan.

Free Ways To File Your Taxes: Did you know there are ways to file your taxes for FREE? No strings attached. Free tax preparation is an easy way to save lots of cash during tax season.


Other Resources:

Military OneSource MilTax

Armed Forces Tax Guide, IRS Publication 3

VITA site locator tool

AARP Tax-Aide Site Locator

CFPB - Fraud and Tax Scams



Sign up for Military Saves Month, now in April 2020

From the Archives:

New Tax Legislations Puts More Money Into the Pockets of Many Military Families

5 Tax Tips for Service Members and their Families

Tax Time Savings Bonds

3 Reasons Not to Consider a Big Tax Refund as Extra Money

Tip of the Day

  • Written by Guest Blogger | April 9, 2014

    Request a free copy of your #credit report every year. It's easy and safe! Go to to get yours!

Saver Stories View all »

Involving Kids in Family Finances

Written by | April 19, 2019


One of the best lessons we can share with our kids is about money. By middle school, kids should have a good understanding of how money works as well as the importance of saving.


Making Saving Automatic Leads to Personal Success

Written by Lila Quintiliani | May 27, 2020

Ryan’s savings journey started when he was an active duty airman. Frequent deployments and temporary duty assignments gave him the opportunity to save. By the time he transitioned out of active duty, he had built up a healthy rainy-day fund and had started to aggressively save for retirement.


From Shopaholic to Saver

Written by Jackie Toops | January 13, 2021

Many of us spend too much money on things we don’t need, but we don’t always know why. It’s easy to get a quick fix from retail therapy, but before we know it, our hard-earned money is gone. Oftentimes, when we engage in a “shopaholic” lifestyle or sporadic shopping sprees, we still experience feelings of emptiness, but to make it worse, we now have debt, too.

Khanmany was a shopaholic who turned everything around. She is active duty Navy and shares, “I was spending too much on things I didn't need. I was going shopping for no reason and was trying to fill a void. I was running up every credit card I owned to include Victoria's Secret, Military Star, Navy Federal, TJ Maxx, JCPenney, Macy's, USAA, and was only paying the minimum payments.”