2023 veterans and military discount list of hundreds of companies that offer military discounts to service members, retired military, veterans, spouses and their families. Featured Veterans Discounts Available All Year Military & Veterans Discounts Year Round Auto Car Rental Clothing & Shoes Computers, Electronics, Gaming Education Entertainment Eyewear Financial & Insurance Fitness Flowers & Gifts […]
President Biden signed the Fiscal Year 2023 National Defense Authorization Act (NDAA), paving the way for a 4.6% increase in military pay for 2023. New pay rates are effective Jan. 1, 2023, and will first appear on Jan. 14, 2023, paychecks. The military pay charts below are for all U.S. Armed Forces personnel, including the Air Force, Army, […]
There are many credit card options that feature perks for being a military member. You will find military fee waivers offered by a variety of high-profile credit cards including American Express, which means you may be eligible to access high-value credit cards (assuming the applicant is otherwise financially qualified) that can push your access to […]
The 2023 COLA increase will be 8.7%, according to the Social Security Administration. It’s too early to figure out the 2024 COLA rate, but we’ll keep tracking inflation data and other factors that could impact the 2024 COLA increase here. 2022 – 2023 COLA The Social Security Administration announced the 8.7% COLA increase in October […]
2023 VA disability rates received an 8.7% cost-of-living increase based on the Social Security Administration’s 2023 cost-of-living adjustment (COLA). You can also find your VA disability pay rate using our 2023 VA disability compensation calculator. 2023 VA disability rates went into effect on Dec. 1, 2022. You can see prior years on our historic VA […]
Welcome to Military Saves Week 2019! Money is often the most common source of stress, but managing your military pay shouldn’t be stressful. The military has you covered when it comes to helping manage money and finances. They are sure to offer classes and counseling about budgeting, saving, and paying bills, which can get overwhelming […]
There are many reasons why a military member’s pay might be subject to garnishment. An attempt to collect an unpaid commercial debt is one, an attempt to collect alimony or child support is another. There is some confusion over the issue of military pay garnishment and if you don’t know your rights and responsibilities this […]
Should you take drill pay or VA compensation? This is an important question for many veterans and while some may wonder if this applies to them while serving on active duty (see below), those it affects have choices to make depending on what makes the most sense to the individual. Before we examine the issues […]
When it comes to military finance, there are several different ways to get paid as a uniformed service member. You’ll receive your basic pay–the very minimum you earn while serving–but also you will be eligible throughout your military career for advance pay, special pay, and bonuses. While many service members may draw all of the […]
Military pay allowances are perhaps the second most important element of military pay behind basic pay. Service members receive allowances for specific needs such as food or housing when the federal government does not provide them. The good news is that most military allowances are not taxable. Military Allowances Basic Allowance for Housing (BAH) The […]
Military pay grades versus military rank can be a confusing issue for those unfamiliar with military culture. What is the difference between rank and grade, and why aren’t they basically considered the same thing? In some cases there may seem to be no difference at all, but in others the distinction is clear. What Is […]
Nearly 6% of American businesses are veteran-owned, according to the 2020 Annual Business Survey, released in Oct. 2021. Some service members leave military service knowing they want to start a business but need some kind of funding, such as business loans or Small Business Administration grants. Others may not realize they want to start a business until […]
Veterans and current military members might consider applying for a personal loan for several reasons. The cost of permanent change of station moves is one. Those moving from low-cost to high-cost areas may need more money up front for security deposits, storage fees and other expenses. In these instances, they may want to know how […]
Military members and their families can take advantage of several tax provisions, according to the 2021 version of Publication 3 from the Internal Revenue Service. Here are some top tips to consider before filing taxes. Tax Filing and Deadlines The deadline to file 2021 taxes is April 18, 2022 for most people due to the […]
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