A bill was recently introduced to the House of Representatives that would exempt all active duty military pay and benefits from federal taxes. Read the full text of the bill.
Rep. John Culberson, R-Texas, is the chief sponsor of the bill, HR 1559, which is being called Armed Forces Tax Relief Act.
Culberson said the the Armed [...]
Military Times reports that military pay raises might be lower in the near future compared to the last few years because the gap between military and civilian pay is closing. This article was written based on a Congressional report released Friday by the Congressional Budget Office, which is a nonpartisan analytical group within Congress.
The current [...]
Legislation was recently introduced in the Senate by Sen. Hillary Rodham Clinton, (D-NY). The proposed legislation will enhance GI Bill benefits, VA Home Loans, and Small Business Loans for Veterans.
Proposed Enhancements:
GI Bill: The proposed new version of the GI Bill would eliminate the requirement to pay into the system, and would only require the [...]
In 2003, President Bush signed into law the Servicemembers Civil Relief Act (SCRA). The SCRA further clarified and solidified the Soldiers and Sailors Civil Relief Act (SSCRA) which benefits active duty military members and was signed into law in 1940.
There are many benefits that servicemembers can receive as under this law.
6% cap on interest rates [...]
Not too long ago, I attended a financial briefing given by Commissioner Paul Atkins of the Securities Exchange Commission (SEC). The briefing was held at our local military installation, and was geared toward military members. During his briefing he gave us all several links to helpful websites, one of which, www.saveandinvest.org, is geared toward helping [...]
