Jan. 7th, 2013 Military servicemembers net pay may increase, decrease or not change at all as a result of the fiscal cliff agreement. The payroll tax hike that went into effect on Jan. 1st, 2013 increased the Social Security (FICA) employee tax on the first $113,700 in wages from 4.2% to 6.2%. This 2 percent […]
Sequestration Cuts and the Impact on the Military Community
Updated March 13th, 2013 Sequestration answers to common questions related to military pay and benefits exemptions for military families and veterans. The new fiscal cliff of March 1st is fast approaching and once again the U.S. government is at stalemate with how to deal with sequestration. The military is facing $55 billion in cuts from the 2013 […]
2013 Military Pay, BAH & BAS Rate Increase Status
A visual representation of the current status of the proposed military pay, BAH (Basic Allowance for Housing) and BAS (Basic Allowance for Subsistence) rate increases. Approval of the National Defense Authorization Act by the House of Representatives, Congress and the President is required before these rates are finalized. Rate increases are subject to amendment prior […]
