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Federal Government Military Money & Taxes

IRS offers help to military members and veterans with their unique tax needs

Members of the U.S. Armed Forces, veterans and their families often qualify for special tax benefits. An IRS news release describes some of the most common deductions and exclusions and tells where to get more information.

New state law affects health care coverage for all “observation” patients at all hospitals in Va.

Outpatients in Virginia hospitals under observation orders from their doctors will be notified of their status, verbally and in writing, under a new state law that took effect July 1, 2015. Patients will also be asked to sign a form letter acknowledging that they understand they are outpatients, even though they may spend the night in a hospital bed and receive a meal.

June is National PTSD Awareness Month

U.S. Senate unanimously passed a resolution, co-sponsored by U.S. Sen. Mark R. Warner (D-VA), designating June as National Post-Traumatic Stress Disorder (PTSD) Awareness Month. The resolution also designates June 27 as National Post-Traumatic Stress Disorder Awareness Day.

Taxpayers with foreign assets may have FBAR and FATCA filing requirements in June

The Internal Revenue Service reminds all taxpayers with an FBAR filing requirement to report their foreign assets by the June 30 deadline.

Slow down to protect the whales off Nantucket

NOAA Fisheries announces that a voluntary vessel speed restriction zone (Dynamic Management Area - DMA) has been established 35 nautical miles ESE of Nantucket to protect an aggregation of 3 right whales sighted in this area on May 28.

Health Dept. needs early morning volunteers on June 4 to test emergency preparedness

Volunteers are needed to test how fast life-saving medication can be distributed to the public. In the event of an emergency everyone in an affected area would pick up medicines at designated points of dispensing (PODs), such as Potomac Mills Costco in Woodbridge where the test will be held.

Look who’s turning 80:  Social Security counting down to its 80th anniversary

Social Security is getting closer to the agency’s historic 80th anniversary and preparing to commemorate the August 14, 1935, signing of the Social Security Act. Acting Commissioner Carolyn W. Colvin May 27 announced the agency’s event-filled celebration, with many activities leading up to Aug, 14 and a special website, http://www.socialsecurity.gov/80thanniversary

Honoring the fallen this Memorial Day

Memorial Day is a special day, and a day on which all Americans should honor the fallen. Every day as I drive to work to the U.S. Congress down the George Washington Memorial Parkway, I am reminded of the great sacrifices men and women have made for our country so we can remain free.

Farmers must file Conservation Certificates by June 1 to get crop insurance support

"USDA is making every effort possible to get the word out about this new Farm Bill provision," said Agriculture Secretary Tom Vilsack.

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