Members of the military may qualify for tax benefits from the federal government. Special IRS rules apply to military members on active duty, including those serving in combat zones. They can help lower your federal taxes and make it easier to file your return. These include deadline extensions, combat pay exclusions, earned income tax credit, deductions for moving expenses, uniforms and reservist travel. Additionally, educational and subsistence allowances paid to students enrolled in ROTC are not taxable, although active duty pay is. Military members who are discharged may also be able to deduct some of the expenses associated with transitioning back to civilian life, including the costs of job hunting, travel, resume preparation and job placement agency fees and moving expenses. Visit www.IRS.gov for more information.
Written by Mary Perren
WKVI News Director Mary Perren is glad to be back home in northern Indiana and on the radio. She’s a North Judson native with more than 20 years of news experience. She’s worked in print and radio news in Indianapolis, Hopkinsville, Ky., Nashville, Tenn. and most recently in Winamac before taking over as news director for Kankakee Valley Broadcasting in February of 2013. Her work has been honored by the Associated Press, StateNets News Association, Curb Foundation, Hoosier State Press Association and IBA. When she’s not sitting in the anchor chair or chasing down news, Mary enjoys shopping for antiques, attending concerts and taking long walks and rides in her vintage Saab convertible, weather permitting. She’s also a hopelessly devoted Chicago Cubs fanatic who still cringes at the mention of Steve Garvey and Josh Beckett and maintains it wasn’t Steve Bartman’s fault.