Newly-revised tax benefits for members of the military
Last updated 3/4/2020 at 1:48pm
The Internal Revenue Service has released its newly-revised tax guide designed to help members of the military understand the many special tax benefits available to them under the law.
Publication 3, Armed Forces’ Tax Guide, now posted on IRS.gov, is packed with useful filing tips for any member of the military, including reservists and the National Guard, regardless of whether they are stationed in the U.S. or abroad.
Among other things, this free publication describes the provision allowing armed forces reservists to deduct their reservist-related travel expenses, regardless of whether...