As the nation prepares to celebrate Veterans Day, the IRS reminds them that they may be eligible for certain tax benefits. There are also tax benefits that can affect current members of the military.
The IRS has resources for both these groups. The following tools will help military members and veterans navigate tax issues:
Resources for veterans
Resources for current members of the military
Share this tip on social media — #IRSTaxTip: IRS has Resources for Veterans, Current Members of the Military. https://go.usa.gov/xnj3F
WASHINGTON —The Internal Revenue Service today announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to Louisiana flood victims and members of their families. Participants in 401(k) plans, employees of public schools and tax-exempt organizations with 403(b) tax-sheltered annuities, as well as state and local government employees with 457(b) deferred-compensation […]