Typically, the greater number of high-value and complex assets a Massachusetts married couple has, the more complicated property division is during Massachusetts divorce. Property division may be an especially difficult process if the spouses do not agree on how...
Month: June 2020
IRS Tax Tip: Don’t forget, Social Security benefits may be taxable
Massachusetts taxpayers receiving Social Security benefits may have to pay federal income tax on a portion of those benefits.Social Security benefits include monthly retirement, survivor and disability benefits. They don't include supplemental security income...
FAQ’s About Child Care for Military Families
One of the biggest challenges for Massachusetts military families has been in finding good quality, affordable child care. The Defense Department child care systems include more than 600 child development centers, school-age care facilities and about 1,100 family...
FAQ’s About Benefits Available to Military Spouses for Education and Employment Opportunities
Frequent deployments and moving every two or three years can intensify the needs of Massachusetts military families in many areas of their lives, such as spouse employment and education. Bases worldwide offer families a wide variety of support services, from legal...
FAQ’s About Military Retirement Benefits
The new retirement benefit for Massachusetts service members includes cash contributions to a Thrift Savings Account, is a major boost for the vast majority of the force that serves for six or eight or ten years but never reaches the 20-year mark to become eligible...
FAQ’s About Military G.I. Bill Benefits
Massachusetts military service members and veterans have seen major changes to their pay and benefits over the past year especially changes to GI Bill rules that can have a far-reaching impact on the lives and livelihoods of military families around the world. GI Bill...
FAQ’s About Military TRICARE Health Insurance
Massachusetts military service members and veterans have seen major changes to their pay and benefits over the past year. Revisions to health care coverage are more complex, and may impact individual service members, veterans and their families in different ways. What...
FAQ’s About Military Basic Pay
Massachusetts military service members and veterans have seen major changes to their pay and benefits over the past year. Basic pay is once again rising at the same rate as private-sector wages after several years of tight Pentagon budgets resulted in service members...
FAQ’s About Military Basic Housing Allowance
What is BAH? Basic Allowance for Housing provides Massachusetts service members not living on base or in government-provided housing a cash supplement to be able to rent housing at local market rates. The amount paid to a service member depends on rank, whether or not...
Military Divorce: Misconception About Military Retired Pay Division
A Massachusetts' servicemember's military retired pay can be a valuable asset in a divorce. In 1982 Congress passed the Uniformed Services Former Spouse Protection Act, which allows state courts to treat disposable retired pay either as property solely of the member,...