DiSabatino CPA Blog
Non-taxable Income for Those in the Armed Services
Non-taxable Income for Those in the Armed Services
One of the benefits available to the men and women of our Armed Services and, in many cases, staff supporting them is the ability to exclude items from taxable income. Here is a list of the most common items that may often be omitted from income tax.
Excluded Items | |
---|---|
Combat zone pay |
|
Other pay |
|
Death allowances |
|
Family allowances |
|
Living allowances |
|
Moving allowances |
|
Travel allowances |
|
In-kind military benefits |
|
Note: The exclusion for certain items applies whether the item is furnished in kind or is a reimbursement or allowance. There is no exclusion for the personal use of a government-provided vehicle.
Source: IRS Publication 3 Table 2.
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DiSabatino CPA
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