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@aspiringchristian105 To be honest with you, I don’t remember lol. I wish I could be more help. I just checked my turbo tax but it doesn’t say exactly how I answered it just has all my documents.

@aspiringchristian105 I just went through the exact same situation. PCS’d in 2022, got my voucher paid in 22 but not my ppm until 23. So you will get that travel w2 when you file your 2024 taxes in 2025.

@nothinges I think I’m going to go ahead and open up a UTMA. I don’t plan to put a ton of money in it, as I’m prioritizing my own retirement savings and to be honest just transferring my GI bill I believe is setting him up pretty good anyways by allowing him to earn a bachelors degree with zero...

@nairna That doesn’t sound like a bad plan. My HOR doesn’t charge me state income tax, so I wouldn’t get any tax benefit from that, correct? Or is there some type of federal benefit I could get instead?

@tsundoku Appreciate it!

@tsundoku I would say it’s more the first thing you mentioned. Maybe not necessarily for retirement, but I would say something that has the potential for that. I plan to educate my kid/s on finances as early as I think they can understand it. So I’m hoping this will be something that when he...

Not sure if this is the right place to ask, but looking for options for a bank account for my 18 month old son. I’m an E-5 with 7 years TIS, if that matters at all. A lot of recommendations are for a 529, however from my understanding that’s mainly used for education benefits (please correct...