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Thursday, March 04, 2010

Tax Season is Upon Us!

It's tax season! As you are gathering forms, digging out receipts, and dusting off calculators, let Army Well-Being help out. We have a collection of articles, tips, and resources to make tax season a breeze for you.

Visit Army Well-Being: Tax Information to get started!

Some highlights include:

Unsolicited Emails From the IRS? Sounds Phishy

Now that tax season is underway, many Americans are combing their financial files and other personal information to prepare their tax returns. Identity thieves also are busy, trying to "phish" for your personal information.

What to Do if You are Missing Your W-2 Form

It’s tax season once again, and time to gather all the forms and tax records you’ll need to file your tax return. One of the most important documents you’ll need is your W-2 form. We always hear from a lot of people who didn’t get their W-2’s and don’t know what to do. So if you haven’t received your W-2 yet, read on.

Couples Can File Joint Tax Return Despite Non-Resident Status

This year, filing a joint tax return allows the Servicemember and spouse $3650 per person. That's $7300 in personal exemptions, before calculating other exemptions and tax credits. The amount of exemption went up $50 from last year, but if the Servicemember is married to a non-U.S. resident, the couple does not get to take advantage of the more favorable tax treatment, unless the non-resident alien spouse applies for an Individual Taxpayer Identification Number (ITIN) from the U.S. Internal Revenue Service (IRS).

First-time Homebuyer Tax Credit for Military Members

The Worker, Homeownership and Business Assistance Act of 2009 extends and expands the first-time homebuyer credit allowed by previous Acts.

Learn About the New Tax Law HEART Act

The HEART Act - the Heroes Earnings Assistance and Relief Tax Act of 2008 - helps reduce the financial burden on military Families in several ways. Read the entire article to find out how.

Be sure to see The Pentagon Channel for lots of great videos regarding tax season, including this one:



Happy Tax Season to you and best wishes for a healthy return!

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