Pay, Money, and Financial Matters

Articles Index

Savings Deposit Program
Don't confuse this with the Thrift Savings Plan (TSP). TSP is available to everyone in the military. The Savings Deposit Program is available only to those serving in designated combat zones. Military members deployed in combat zones, qualified hazardous duty areas, or certain contingency operations may deposit all or part of their unallotted pay into a DOD savings account up to $10,000 during a single deployment.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

United States Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Military Federal Income Tax Guide
The information here is derived from Internal Revenue Service (IRS) Publication #3, Armed Forces Tax Guide. This information covers the special tax situations of active members of the U.S. Armed Forces.

Scams That Target Service Members
Scams. It seems to be a consistent problem that affects military members more than others, but experts say there is much that service members can do to prevent becoming victims. In a report titled "In Harm’s Way," the National Consumer Law Center (NCLC) has analyzed the problem and has come up with some solutions.

Your Fiscal Year 2004 Military Pay and Benefits
On November 7th (2003), Congress passed the Fiscal Year 2004 Military Authorization Act, and has sent it to the President to sign into law. The act authorizes DoD to spend $401.3 billion. The fiscal 2004 Defense Appropriations Act, which actually provides the money, became law Sept. 30. President Bush signed the bill into law on November 26th. Here are the major pay and benefit provisions of the new law.

Help for Families Visiting Injured Servicemembers
New benefits added to the per diem regulations in October 2003 allow the military to provide financial assistance for up to two non-military family members who are traveling to be with a hospitalized military member.

Online Tax Statements for Military Personnel
The Defense Finance and Accounting Service (DFAS) recently released the schedule of dates when U.S. military service members, military retirees and annuitants and defense civilian employees can access their tax statements online, through myPay (for tax year 2003).

More Pay for Combat Zones
Good news for those serving in combat zones and those who have serviced in a combat zone anytime after October 1, 2002. Combat Pay and Family Separation Allowance have increased for FY 2003.

Family SGLI Coverage (Life Insurance)
Family Servicemans Group Life Insurance (SGLI) (FSGLI) coverage provides life insurance coverage for the spouses and dependent children of all servicemembers (Active Duty and Ready Reserve) who have full-time SGLI coverage.

Military Food Stamp Program
Under the National Defense Authorization Act for Fiscal 2001, qualifying servicemembers can receive up to $500 a month with the new family subsistence supplemental allowance (FSSA). The program was designed to help families currently on food stamps. Although this allowance does target those families, all total force members may apply.