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Military Pay Page 5

2021 Military Pay

The 2021 military pay increase is officially 3% now that the FY2021 National Defense Authorization Act has passed. See the 2021 military pay charts with a 3 ...

Military Allotment

The military allotment is a perk of serving. An allotment can be set up to handle certain kinds of payments including recurring investments like savings bond...

2020 Military Pay Charts

2020 military pay charts based on the Dec. 12 announcement of a 3.1% pay increase by the Department of Defense. New pay rates will go into effect on Jan. 1, ...

Selective Reenlistment Bonus (SRB)

The Selective Reenlistment Bonus (SRB) is the Department of Defense’s tool to keep highly skilled military members in uniform and often to help shore up rete...

COVID-19 Allowance & Benefits Policies

The Department of Defense has issued guidance for military members advising them that COVID-19 benefits and allowances are available during the coronavirus o...

Taxes on Military Bonuses

Military bonuses are paid to troops for a variety of reasons: enlisting or reenlisting into a short-staffed career field, “quick ship” military enlistment bo...

2020 Military Pay

The 2020 military pay increase will be 3.1% as announced by the Department of Defense on Dec. 12. The DoD labels this increase as “the largest in a decade” a...

VA Special Monthly Compensation (SMC)

What is the VA Special Monthly Compensation Program? This important benefit, known as SMC for short, is a tax-free VA benefit that may be paid to veterans, t...

Taxes on Military Pay & Allowances

Taxes can be confusing in the best of times, but where military pay, allowances, and bonuses are concerned, half the battle is determining what is considered...

Combat Zone Tax Exclusion

What is a Combat Zone Tax Exclusion or CZTE? This federal tax break on military income is intended for military members assigned to a combat zone. In general...

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