military finance

Good afternoon all, I’m currently an E-5 and starting to get BAH. I want to purchase a Duplex Triplex or quadplex somewhere in the 7-City’s VA, with the VA Home loan. I don’t want to further my Navy career and as such have 3yrs left on my 6yr contract. I want a house that will pay all of or a...

TOTAL INCOME Taxable Income (Base Pay) $3135.60 x 12 = $37627.20 Standard Tax Deduction: $14,600 $37627.20 - $14600 = $23027.2 Student Loan Repayment Bonus 1/3 of $37698.66 (SL) = $12,566.22...

I'm a Maryland resident currently stationed in California, paying MD taxes. My wife (married Jan 2023) made roughly $900 in Virginia and paid VA taxes. Having a Maryland and Virginia W-2, would I file joint federally and separately for state? Trying to use TurboTax or H&RBlock, and this is where...

Recently bought a couch and put it on my chase card that’s 0% until Oct 2024. Approximately 3000$, should I just pay it all off or let it sit? I have 8k cash currently making 4.5% in Sofi HYSA. Only reason I’m debating on paying it off is because my credit score tanked 60 points just because of...

Okay, this is for military people. We are overseas in Germany. The job I currently have is really early morning coffee hours. Im the manager there. Enough employees, I am perfect on my ordering. I have changed that store for the better and It is no longer stressful like it was in the...

Is this right, and should it be filed this year? I did a DITY PCS in April ‘22. Form says 2023 on it

This was a post from /r/personalfinance. So the audience there didn't have the same type of military knowledge as I'd suspect this sub does. That is why I had to explain certain things in more depth than I would have to to people who are in the same boat. So pardon me if I come off like I'm...

This is my first time getting a 1098-T from ASU for my school. On Box 1: $8,772 payments received as qualified and Box 5: $13,761 for Scholarships and grant. Is that mean I have to include $4989 as a taxable income? Also, I utilized TA for all my classes. Thank you in advance!

I bought in April ‘23 when rates sucked (7.25). I heard irrrl was available at navy federal (5.6) and they told me I met there requirements and started the irrrl process in Dec. I submitted full doc’s and was in underwriting and they just denied me and said I don’t meet Va eligibility...

Hi just trying to get some input in regards to investment ideas, currently E-6 (8 years AD) contributing 22% to TSP (80%C fund, 10% S fund, 10% I fund) which is currently sitting at 81k. I recently sold some crypto coins and also received tax return and FASFA funds which is leaving me with about...

For those that have retired from the military. How did you decide when it was time? How did you plan the next chapter of your life? I have no idea where to start. Obviously, if you stay a few years beyond 20, the pension is significantly larger. But you are also older, and delaying any plans...

Right now i’m a E-3 with regular base pay, not married. my car is a 2019 ford fusion se. 6% rate for 5 years. my payments every month are 405$ and then my insurance on top. i’ve had some other financial problems arise and honestly the car is becoming more of a struggle to keep. but if i sell it...

I'm stationed overseas and my wife and I filled our taxes late Feb. A few weeks ago I got a W2-C where my annual pay went down and my Q Code went up. Check my March 2017 LES and it show's I received combat pay for Nov/Dec 2016. Go to finance and it all checks out which explains why I received...

Having an issue filing jointly with SAH spouse- H&R Block online service insisting we file state tax with VA, we are both legal residents of TX however. No income was made in VA, keeps throwing up errors. Suggestions on how to fix/ what the issue is?

I'm a single, 30-year old, enlisted E-4, stationed in Japan. Been in since 2014 and contract is up in 2020. I'm not sure if I want to stay in for a full 20, do longer, or get out after my 6 is up. I'm currently on the fence. Although, I would like to retire as early as possible, without working...

Background: My military retirement is effective 1 March 2024. I am currently interviewing with five organizations for my second career, post-transition. All of these organizations are NOT with the federal government. I feel confident I can start new employment in late January or early February...

Hi All, I’m an Air Force spouse (former AF myself) living and working in MD (here on my wife’s orders). Up until April of last year, we had maintained our AK residency (AK has no state taxes), however, my wife switched to AF Reserve and we had to become MD residents. I have been working in MD...

I'm an O-3 w/

I always said I would share some info once I had gone through the process. It's not technically complete yet, but here's a rundown of how things have gone: 105 days/15 weeks before my 12 year mark I got the notification from MyPers. When i acknowledged it also gave me a link to a Statement of...

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...