New Tax Rules Create New Tax Breaks

Internal Revenue Service

Published June 09, 2011

This content is outdated, check our other tax pages for more information.

Story Continues

Related Topics: Military Taxes

© Copyright 2024 Internal Revenue Service. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

You May Also Like

The frame is divided diagonally with U.S. bills arrayed chaotically on the top left and multicolored fall leaves on the bottom right.

Why Thanksgiving Is the Perfect Time for Important Financial Conversations in Your Military Family

In military families, where change is constant and the future is sometimes uncertain, Thanksgiving offers a rare and valuable...

Sgt. Jacqueline Speights, from 175th Surgical Detachment, 531st Hospital Center, prepares a sample for COVID-19 testing while Spc. Samuel Mawanda, from 626th Brigade Support Battalion, 3rd Brigade Combat Team, 101st Airborne Division (Air Assault), records data at Blanchfield Army Community Hospital’s COVID-19 sample processing section within the hospital’s Department of Pathology, Jan. 24, 2022. (Maria Christina Yager/Army)

Tricare Changes are Coming in 2025. Here’s What Beneficiaries Need to Know Right Now

Tricare beneficiaries need to be aware of changes taking place in both the East and West regions and may need to take action...

A stack of bills looks blurry, as though it's in the process of being flipped through, with one president's face in focus.

Basic Needs Allowance Overview

The Basic Needs Allowance can potentially add hundreds of dollars to the paycheck of a military member with a family whose...

Through a two-piece gap in a blank white jigsaw puzzle looks the face of a U.S. president on a bill.

When Is a Good Time to Change Your Thrift Savings Plan Investments?

If an investor is feeling a lot of stress regarding their investments, that could indicate that it’s time to reevaluate their...

Personal Finance Topics

Money

Popular Articles about Taxes

An Airman fills out tax forms, Feb. 9, 2017, at Malmstrom Air Force Base, Mont. (U.S. Air Force photo/Daniel Brosam)

Free and Discounted Tax Preparation for Military

Military personnel and their families have access to a variety of tax preparation and filing services for free.

(U.S. Air Force)

Top Tax Tips for Military Personnel

Except for those in combat zones or stationed outside the U.S., most troops and families must file by the traditional...

Reservist goes on 12-mile ruck march.

Tax Considerations for Reservists

Reservists, regardless of duty status, can take advantage of a number of tax-related benefits.

college books, graduation cap, money

Tax Breaks for Education Expenses

Several reimbursement programs and income tax benefits can help pay for continuing education programs and skills building...

Dealing with stress is especially important during a pandemic.

8 Tips to Reduce Tax-Time Stress

Just thinking about preparing your taxes can give you a headache. But being prepared going into tax season will make it...

Pay News & Advice

View more