MIL Military Tax Info 2005

Discussion in 'On Topic' started by Jyokker, Jan 11, 2006.

  1. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    2005 Tax Returns are coming up, don't get caught with your pants down. Dark may get excited.

    Disclaimer: Your taxes are your responsibility. Read everything, just because someone told you something does not mean it is true. The following is a guide to help you with your taxes. Any errors or fraudulent information is on you.

    Some tips: Do your taxes as soon as you can. The longer you wait, the longer it takes to get your tax return. (Or pay for you big ballers out there)

    If you do not understand taxes ask your local tax center. Usually each base, post, etc has a tax center that will process your taxes for free. You must bring them your info.

    Tax Statements for 2005 Available on myPay
    Retirees 1099R:
    Available
    Annuitants 1099R:
    Available
    Army, Navy and Air Force Reserves W-2:
    Available
    Civilians W-2:
    Available
    Marine Corps Active Duty and Reserves W-2:
    Available
    Army, Navy and Air Force Active Duty W-2: 21 January 2006


    IRS General info:
    http://www.irs.gov/newsroom/article/...120507,00.html
    http://www.irs.gov/individuals/military/index.html

    Katrina info:
    http://www.irs.gov/newsroom/article/...147085,00.html

    Students (If you are military you can only claim your out of pocket expenses. DO NOT CLAIM WHAT TS PAID. It will catch up to you.)
    http://www.irs.gov/individuals/artic...121452,00.html

    Inclusions:
    http://www.hrblock.com/learning/firstfilers/inclusions.html

    Exclusions:
    http://www.hrblock.com/learning/firstfilers/exclusions.html

    Combat Zone:
    http://www.hrblock.com/learning/firstfilers/combatzones.html

    Free for AD military. I have used them for the past two years. I know the name sounds shady but I have nothing but good things to say about my experiences with them.
    http://www.taxslayer.com/military/default.aspx

    Also free for AD Military: http://www.militaryonesource.com/ (taxes through Turbo Tax online, available 16 Jan 06)

    Please post any other tips or information (Reserve folks I have no clue) that you feel may help others.
     
    Last edited by a moderator: Jan 14, 2006
  2. SweetDaddyO

    SweetDaddyO we need a montage!!

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    also, unless things have changed, you should be able to do your taxes at H&R Block online using their most basic service for free if you're active duty. If you have fairly simple taxes like I do (no spouse, no second job, no crazy investments or lottery winnings, etc), it's usually pretty quick and easy, and you can get an idea of what your refund will be prior to submitting them.
     
  3. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    I do not know if you have to do anything special since you are in the reserves. Taxes are fairly easy stuff just written so most people get turned off to reading about it.
     
  4. Ranger-AO

    Ranger-AO I'm here for the Taliban party. Moderator

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  5. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    GrassyAss
     
  6. TRN

    TRN Well-Known Member

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    Good thread :bigthumb:
     
  7. Dementio

    Dementio OT Supporter

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    Nice thread, like the links on inclusions and exclusions.
     
  8. C5Load

    C5Load OT Resident UCLA fanatic

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    Active Duty W-2's will be ready NLT 21 Jan 06.

    Just a heads up.
     
    Last edited: Jan 14, 2006
  9. C5Load

    C5Load OT Resident UCLA fanatic

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    Love the combat zone exclusions:

    3. You are in a combat zone only for your personal convenience. :rofl:
     
  10. Nixstress

    Nixstress Look at me! I am edgy and stabby! OT Supporter

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    I still check it daily but I'm thinking NLT 21st really means it will be ready on the 21st...
     
  11. Maffy29

    Maffy29 Active Member

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    Check with your state first, I know its true for Pennsylvania, but you may not have to pay state taxes (or you will get it all back in your return). When I was on active duty or ordered to active duty (I'm National Guard now) for training, you are considered a resident not earning wages in the state. The on post tax center couldn't help me with this, but H&R Block knew what was up.
     
  12. C5Load

    C5Load OT Resident UCLA fanatic

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    We are Sorry !

    MyPay is currently being updated. Please check back later to use MyPay


    :noes:


    Edit: turns out I qualify for tax credits from Katrina, as I was a "relief worker"... basically flew some water pumps from ramstein to dover as part of a katrina mission :rofl:
     
  13. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    Be careful with this one. Usually you have to take some kind of burdon from being a relief worker. Talk to you local friendly tax guru.
     
  14. Nixstress

    Nixstress Look at me! I am edgy and stabby! OT Supporter

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    W-2 for Active duty is now available on mypay 1 day early!

    Just did our taxes and sent them off :bigthumb:
     
  15. Jyokker

    Jyokker The trouser snake is very aggressive. It will corn

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    Your federal tax return and state tax returns (if applicable) have been received and we are awaiting a response from the IRS.
    :run:
     
  16. Nixstress

    Nixstress Look at me! I am edgy and stabby! OT Supporter

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    Tax Return Accepted by IRS :bigthumb: I used taxslayer by the way, it says we should receive the direct deposit on the 3rd of february... Big thanks for the heads up on the website!
     
  17. Sharkticon

    Sharkticon The safest place in combat is on an AEGIS Class Gu

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    Be sure to check your STATE TAX CODES when you file.

    I found out that I did not have to pay Connecticut State Tax and was due a refund on state taxes for the past 3 years due to an exemption for being military. Since I am military and own a home outside of CT, I can file state tax as a Non-Resident. Which basically means every dime that was taken from my check for state tax will be returned to me. So I amended my returns for 2004 and 2003 as well.

    Even after explaining this to the fast food tax guy at H&R Block, he still didn't understand. It took a local tax professional to amend my 05 state tax return.
     

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