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Your Military Money
February 2023
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February has arrived, bringing thoughts of presidents (the federal holiday is Feb. 20), valentines and snow — depending on where you’re stationed or what your friends and family are experiencing back home. And tax season is in full swing! As a service member, visit your myPay account, where tax statements post as they are released each January. (Tip: The Defense Finance and Accounting Service recommends that you opt out of mail or print delivery, which can expose your personal information through misrouted or lost mail.)
Keep reading for more information about your taxes, including how to avoid common mistakes and how to take advantage of free MilTax services including online tax preparation, one-on-one assistance from military tax experts and free e-filing! With support like that, you’ll have your taxes crossed off your to-do list in no time!
See you next month,
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 Justin Hall is the Strategic Communications Manager for the DoD’s Office of Financial Readiness and all-around money nerd. He retired from active-duty Air Force after 20 years and has worked as a DoD civilian for 10 years.
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Have You Seen a DoD Financial Service Provider?
If you have money coming into your household, you have money to manage. Come along as a service member who is living paycheck to paycheck reaches out for first-time support from a military financial service provider. As you’ll see in this blog, the no-cost service provides valuable help with everything from daily money matters to short- and long-term goals.
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Avoid Common Tax Mistakes
Taxes can be tricky, but you don’t have to go it alone! We’ve rounded up some common tax mistakes you can avoid — such as being unaware of special tax considerations for the military and overlooking credits and deductions you qualify to receive. Check them out. And remember to reach out for free MilTax support!
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 Free MilTax Services
Tax Day feels far away, but it’s never too early to prep. MilTax is on your team to make sure nothing stands in your way this tax season. With MilTax, you can e-file for free with no hidden surprises. Get online tax preparation, federal and state filing in up to three states and support from MilTax consultants.
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Make Sen$e of Finance
Download our no-cost mobile app, Sen$e, for financial tips on the go! Find it in the Google Play and iOS app stores.
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Attention, Harris Jewelry Buyers!
Have you made a purchase from Harris Jewelry? If so, your outstanding debt has been canceled and you may be entitled to a refund for overpayments or if you purchased a protection plan. Apply online for a refund and learn more here.
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Watch for New Resources
The Office of Financial Readiness website is a great source for your military money. Bookmark our Money in Real Life blog and popular calculators and tools — including the new Personal Net Worth Tracker. That way, you’ll have these handy resources at your fingertips and can take advantage of the newest additions! |
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ABOUT US
The Office of Financial Readiness oversees Department of Defense-wide financial literacy programs and education to enable service members and families to strengthen their personal financial well-being.
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