01 February 2010 Military Report

Financial news from the February 1, 2010 Military Report at Military.com

5 Tips to Make Your Taxes Less Taxing – The U.S. tax code is literally thousands of pages long. Thankfully, you don’t need to read them all to stay on top of your taxes. More…

American Legion Offers Nursing Scholarship – Applications are available for the American Legion’s $3,000 Eight and Forty Lung and Respiratory Disease Nursing Scholarship. More…

Deal of the Week: Top Servicemember Discounts – Military.com has hundreds and discounts exclusively for servicemembers and their families. Don’t pay full price for anything. More…

Free Caregiver Access – Military families now have free access to an online network of quality caregivers who can assist with everything from babysitting to dog walking. More…

Get in Shape! – Your local Health and Wellness center (HAWC) welcomes people who want to enforce their new year’s resolutions to get back into shape or to improve fitness levels. More…

Improvement for Vet Claims Coming – The first hearing of the House Committee on Veterans’ Affairs’ Economic Opportunity Subcommittee assessed the progress of implementing the Post-9/11 GI Bill. More…

Navy Reenlistment Bonus Revised – The Navy announced revised Selective Reenlistment Bonus (SRB) res. Sailors should consult NAVADMIN 028/10 on the NAVADMIN message board to determine their SRB eligibility and award level. More…

PTSD Vets Win Retirement Deal – More than 4300 Iraq and Afghanistan war veterans have won an agreement with the DoD to upgrade their ratings retroactively. More…

Sailors Get Special Pay for Haiti Ops – Sailors providing humanitarian services for Haitians may now qualify for Imminent Danger Pay (IDP) and Hardship Duty Pay-Location (HDP-L). More…

Sailors Should Check LES – Sailors who made any changes during the Federal Benefits Open Season should check their LES for the first full pay period of the year. More…

Soldiers in Haiti Get Special Pay – U.S. Soldiers in Haiti will collect several special entitlements, including imminent danger pay while deployed. More…

Stryker Network Fail in Afghanistan? – Read the latest “Kit Up!” blog entry — discussing the controversies over important military equipment and tactical gear. More…

Superior Life Insurance for You and Your Family – AFBA offers life insurance products that suit the needs of a military family. There is no medical exam requirement for active duty, Guard, and Reserve under age 50, for coverage up to $250,000. More…

Tax Season Help – Trained volunteers help servicemembers navigate through the forest of regulations and forms, making the process easier to understand and less stressful. More…

Tax Season Overseas – The IRS wants United States citizens living and working overseas to know they must file a “Report of Foreign Bank and Financial Accounts” form. More…

Tax Tips for Military Personnel – With the start to the New Year behind us, it is time to once again plan ahead for tax season. More…

VA to Recover GI Bill Advance Payments – The VA is beginning the process of recovering the “cash advances” made available to veterans and servicemembers who applied for education benefits last fall. More…

About the Author

Kate Horrell
Kate Horrell is a military financial coach, mom of four teens, and Navy spouse. She has a background in taxes and mortgage banking, and a trove of experience helping other military families with their money. Follow her on twitter @realKateHorrell.