In the Military? Tax Tips for you!

Members of the U.S. Armed Forces, veterans, and their families may be eligible for special tax benefits. The IRS provides information to help make tax filing easier for those who serve our country.

Here are some tax benefits available to service members:

1. Combat Pay: This pay may be tax-free. Service members in combat zones or hazardous areas may qualify for this benefit.

2. Tax Filing Extensions: Military members in combat zones or other operations outside the U.S. can get extra time to file and pay their taxes.

3. Dependency Allotments: Assistance for dependents paid by the government is not counted as income for military members.

4. Earned Income Tax Credit: The EITC can be worth up to $7,830 for the tax year 2024. Low—and moderate-income service members who receive nontaxable combat pay can qualify for a larger EITC, which may reduce their tax owe or increase their refund.

5. Moving Expenses: Active-duty members may deduct unreimbursed moving expenses if their move was due to a military order and a permanent change of station. Moving allowances for a permanent change of station are also not taxable.

For more information about these benefits, visit the Military Family Tax Benefits page on IRS.gov.