Travel and Transportation Expenses: If you have traveled on official business away from your permanent duty station, you can deduct unreimbursed travel and transportation expenses. There is a cap for officers but not enlisted members. This is a huge benefit that often accounts for more than 30% of service members’ compensation!Ĭombat Zone Exclusion: If you are deployed into a combat zone, your base pay and any re-enlistment bonuses paid during that time is excluded from your taxable income. Tax-Exempt Allowances: As a military member, you are eligible for housing and food allowances, which are exempt from state and federal income tax as well as social security tax. TurboTax will walk you through benefits and deductions you’re eligible for including: Military taxes can be pretty complicated. Bank routing number and account number (for direct deposit).W2, W-2G, 1099-R and any other tax forms received.Social Security Card for all family members.Verify your military rank (military discount will be applied when you’re ready to file).Enter your W-2 information (access from myPay account).E6 and above $5 discount (better off saving $20 with this discount).
#USAA TURBOTAX DISCOUNT CODE 2017 FOR FREE#
Veterans do not qualify for the current military discount but can still file for free at the $34,000 income threshold.
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