A newly revised IRS tax guide helps members of the military better understand the many special tax benefits available to them.
The Armed Forces’ Tax Guide (Publication 3) contains useful filing tips for any member of the military, including reservists and members of the National Guard.
The publication addresses the special benefits available to those serving in a combat zone, including the full or partial exclusion of combat pay and special rules for determining the IRA contribution limit.
See what’s new in the tax benefits guide here.