Frank Ellis reveals several tax filing tips, and options for free filing, for those in the armed forces, in a new article published at Filemytaxesonline.org.
August 7, 2016 — Tax preparation planner Frank Ellis now reveals several tips and options for free tax filing, for military service members in the 2016, 2017 tax season, at the site Filemytaxesonline.org. The author states that just the basic tax forms are needed. Tips include keeping all tax documents organized in a single file, which makes it much easier to access this information during tax season, submit it to the IRS, and get a tax refund much quicker, Ellis states.
A few deductions and credits service members can take advantage of are listed. These include reporting combat pay to qualify for the Earned Income Tax Credit. All combat-earned pay is non-taxable, the author says. Moving and travel expenses can make one eligible for tax deductions. In fact, up to 95 percent of the cost of moving for a military service member can be reimbursed, especially if one moves with their family or spouse.
Other tax credits military service members can take advantage of include the child tax credit and child/dependent care credit, but credits are not the only tax perk for those in the military. Tax filing deadlines are automatically extended for those on combat deployment. This is 180 days, Ellis says, and service members don’t have to report health insurance either.
The author also highlights TurboTax as the most accurate means to file and receive the biggest refund. Free tax filing through this platform, by using Turbo Tax Online Federal Free Edition. It offers the simplest tools for reporting income and selecting tax deductions. Users can also take advantage of the free tax refund calculator and importing W2 information directly into a tax return.
For more information about tax filing options for military service members, go to http://filemytaxesonline.org/tips-free-tax-filing-military-service-members/.
About Frank Ellis
Frank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 900 articles on leading financial websites.
Contact Information
Frank Ellis
File My Taxes Online
945 East 8th Street Suite A
Traverse City, Michigan 49686
Website: http://filemytaxesonline.org/