5 Tax Tips For Military Members

newsfeedback@fool.com (Maurie Backman), The Motley Fool
Mon, 03/19/2018 - 5:08am

With the tax filing deadline quickly approaching, countless Americans will soon be scrambling to deal with their returns -- and that includes those in the military. But if you're a military member, you should know that you might be privy to certain benefits that civilians don't get access to. With that in mind, here are a few tips that might come in handy as you prepare to tackle your upcoming tax return or do some tax-planning for the future.If you were assigned to a combat zone or hazardous duty area in the course of your service, here's some good news: You don't have to report those earnings on your tax return.

Topics: americans social security medicare source images tax tips military return

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5 Tax Tips For Military Members

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