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Top Posts & Pages
- Terminal Leave: Take it or Sell it Back?
- Military Pension Tax Rates By State
- Term Life Insurance Vs. Survivor Benefit Plan (SBP)—A Side By Side Comparison
- Why You Should Strongly Consider Not Participating in the Survivor Benefit Plan
- 3 Tax Considerations When Selling Your Rental Property In The Military
- Take The 30 Day Financial Transition Challenge!
- What Will My Military Pension Look Like After Retirement?
- Transitional Compensation for Abused Dependents
- Survivor Benefit Plan Resources: Everything You Need in One Blog Post
- 9 Tax Considerations For Transitioning Servicemembers
Category Archives: Taxes
A transition from active duty is a very turbulent time. Whether you are retiring, separating, or going to the reserves, there are a lot of financial impacts to your life. It’s important to take some time to recognize what those … Continue reading
According to the IRS, 5 million people were expected to file amended tax returns for 2014, out of 131 million original filings. For 2015, the IRS expects over 150 million individual returns, which means even more amended returns can be expected. Continue reading
When you make the decision to sell your home, it can be for any number of reasons: relocation, buying a bigger home, downsizing, or because it makes financial sense to do so. In fact, I previously wrote an article about this here. However, there are times in your military career where you just can’t sell your home as soon as you leave it: you’re underwater, you might move back into it later on, it’s got potential to make a lot of money as a rental, or timing issues. From the moment you have a tenant move into your house, it’s no longer your home…it’s a rental property. Whatever the reason for selling your home, let’s take a look at three tax considerations you should take into account: Continue reading
In the military, there are many reasons for selling your home. You can sell for any of the following reasons: relocation buying a bigger home downsizing retirement/separation because it makes financial sense to do so Let’s take a look at … Continue reading