Do Not Forget About Special Tax Deductions for Military Service
Military service requires special costs. Apart from the many discounts , you also have several things you can deduct from your taxes.
Get Rich Slow shares some takeaways that you may not come up with right away. These are things that anyone can deduct, but the military may not realize how this applies to them:
- Uniform care : shopping, cleaning and maintenance
- Education costs : Continuing education associated with the member’s current position.
- Transportation : Meetings or events outside of your usual job or responsibilities.
- Professional fees : societies or associations associated with your profession
- Payouts : payments to the government
As with most tax situations, consult with a consultant before making any deductions. Read the link to find out how this might apply to your military family.
5 tax deductions military personnel may require, but often do not | Get rich slowly