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As DoD looks to protect modernization priorities, some lawmakers are very concerned about junior uniformed families.Ĭoncerns over food insecurity in this group were raised during the annual NDAA House Rules Committee hearing with Armed Services Committee Chairman Rep. Lawmakers are already discussing flat DoD budgets and will surely look for savings through personnel costs in the future.
With a looming $3 trillion deficit, and large infrastructure and social welfare bills on the table, appropriations will be a challenging environment for the next few years. The problem has only grown worse since the pandemic began, and the BNA still needs your support for inclusion in the NDAA. Since that time, uniformed families have experienced soaring spousal unemployment rates, significant shortages of child care capacity across installations, increased out-of-pocket PCS costs, and a growing demand for food banks and pantries on base.īefore the pandemic, the Congressional Budget Office estimated more than 10,200 families would benefit from a Basic Needs Allowance (BNA) to combat food insecurity. The gap created in 2014-2016 has contributed to some alarming problems.
ECI third quarter, 2008: 2.9%, informing a 3.4% military pay raise in the FY 2010 NDAA. Here’s a look at the correlation since 2008: The recent ECI release will inform the FY 2023 NDAA, which would include the pay raise that goes into effect Jan. It’s tracked with ECI since then, including this year – the 2020 ECI benchmark of 2.7% is part of both the House and Senate versions of the FY 2022 National Defense Authorization Act (NDAA), and the final compromise bill will all but certainly include that figure when it heads to the president’s desk for signature. The military pay raise fell a total of 2.6 percentage points behind ECI those three years. MOAA closely tracks ECI reports because, by statute, military pay raises are tied to the index unless the administration or Congress intervenes to change the law, as they did by cutting the raise from 2014 to 2016. The 4.6% figure, if it holds, would be the largest raise since a 5% hike in 2002, but will it hold, and even if it does, will it be enough? 29, giving a glimpse at the pay raise military members likely will receive at the start of 2023. If you already filed, you may benefit from amended return filing for combat-injured disabled veterans.The Bureau of Labor and Statistics (BLS) unmasked its third-quarter Employment Cost Index (ECI) figures for private-sector wages and salaries Oct. An increase in disability percentage from the Department of Veterans Affairs. A lump sum disability severance payment that was counted as income. You may also be eligible to claim a federal tax refund if you received: If you're a disabled veteran your disability payment may qualify for certain tax exclusions. If you serve in one of the combat zones recognized by the IRS, you may be able to exclude combat income from taxation. You may also want to see if special EITC rules apply that could lead to a larger refund. #ENLISTED PAY PDF#
Federal income tax withholding after leaving the military PDF. Department of Veterans Affairs education benefits excluded from taxable income. Special application of the Earned Income Tax Credit (EITC). #ENLISTED PAY SOFTWARE#
MilTax, a Department of Defense program that generally offers free return preparation and e-filing software for all military members, and some veterans, with no income limit. Automatic extensions of your filing deadline. Armed Forces' Tax Guide, Publication 3 (for active and reserve military only). 
Understand how that affects you and your taxes.Ĭheck if you are eligible for military tax benefits. Armed Forces have special tax situations and benefits.
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If you got advance payments of the Child Tax Credit, find how to reconcile the payments on your 2021 federal tax return. Your 2021 Tax Return: Reconcile Child Tax Credit Payments
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