Military »
Members of the armed forces can benefit from certain tax provisions that offer valuable relief, but in order to take advantage of them, you have to know what they are and determine your eligibility. A variety of credits and deductions exists for active members of the military, as well as for reservists and veterans. Read on to find out how your service entitles you to some major tax advantages, and how the filing process in general may be different for you than it would be for a civilian.
Illinois Passes Veterans Tax Credit for Post 9/11 Veterans
Illinois has passed a new income tax credit for employers who hire veterans who served after 9/11. The credit expands an existing credit for business owners that hire veterans. In an effort to employ
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Florida Amendment 2 Would Allow Tax Breaks for Disabled Veterans
Florida residents will have seven amendments to vote on in the upcoming November election, involving a number of contentious issues from abortion to religious funding. Two of the proposed amendments involve taxes. Case in
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Veterans Tax Credit
Top Takeaways 1: Work Opportunity Credit Extended for Veterans The legislation expanded the Work Opportunity Tax Credit for businesses that hire unemployed veterans through the end of 2012. 2: Work Opportunity Credit amount depends
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