Memorial Day and Tax Tips for Military Families
As we honor the brave men and women who serve our country, Memorial Day is a timely reminder to support military families in every way—including financially. Did you know there are unique tax benefits and considerations specifically for service members and their families?
At Tax Pros HQ, we believe understanding these options can provide peace of mind and tangible savings.
Military-Specific Tax Breaks
Combat Zone Exclusion: If you or a loved one served in a combat zone, certain pay is excluded from federal income taxes.
Moving Expense Deduction: Active-duty military members moving due to a permanent change of station (PCS) can deduct qualified moving expenses—even after the deduction was suspended for most taxpayers.
Deadline Extensions: Military service can automatically extend tax filing and payment deadlines depending on deployment status.
Earned Income Credit (EIC) Options: Combat pay can be included or excluded for EIC purposes—whichever results in the greater credit.
Supporting Spouses and Families
Military spouses working remotely or moving frequently may qualify for:
State income tax relief under the Military Spouses Residency Relief Act (MSRRA).
Flexible filing options, including electronic signature and joint filing from different locations.
Final Thought:
Tax season can be overwhelming—but it doesn’t have to be. Understanding your unique rights as a service member or spouse can make a meaningful difference.
If you're a military family or know someone who is, we're here to help navigate these special rules.
