It’s a little-known fact, but earnings for active duty military service or active duty training are covered under Social Security and have been since 1957. One of the special benefits military members receive is that it is possible to receive both Social Security...
Basic Allowance for Housing (BAH) is a reimbursement paid to active military personnel living with the U.S. but not living in government furnished housing such as barracks. Your monthly BAH pay is based on your location, rank and dependency status. The country is...
Being a member of the military in Massachusetts isn’t just a job — it’s a way of life. The military lifestyle has a great impact on the lives of Massachusetts military families in many ways, from where they live to the way they get health care. The lifestyle can also...
Military service members and veterans in Massachusetts have seen major changes to their pay and benefits over the past several years. For the most part, it’s good news. Basic pay has been rising, and service members saw a 2.7% increase in 2022. Basic Allowance for...
For workers and retirees in some states, there may be a welcome tax break. Most Americans hope to retire by age 62, according to a survey by Natixis Investment Managers. However, most have to wait longer, as the average retirement age for baby boomers is about 68....
Massachusetts members of the military may qualify for tax benefits not available to civilians. For example, they don't have to pay taxes on some types of income. Special rules may lower the tax they owe or allow them more time to file and pay their federal taxes. Here...
If you've ever faced a deployment, you know one of the first things you'll be told to do for family readiness is to get a copy of your Massachusetts' spouse's Leave and Earnings Statement (LES) -- and to make sense of it. Even if a deployment isn't on your horizon,...
It’s a little-known fact, but earnings for Massachusetts active duty military service or active duty training are covered under Social Security and have been since 1957. One of the special benefits military members receive is that it is possible to receive both Social...
If you’re the child or spouse of a Veteran or service member who has died, is captured or missing, or has disabilities, you may be able to get help paying for school or job training through the Dependent Education Assistance Program (DEA program) —also called Chapter...
Service members in 86% of the 300 Military Housing Areas in the U.S. will see an increase in their Basic Allowance for Housing, ranging from 0.1% in Portland Oregon, to 21.1% at Twentynine Palms, California, according to a Military Times analysis. Defense officials...