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 losing some ground compared to their civilian counterparts
With tax season quickly approaching, Massachusetts parents and students should look into tax credits that can help with the cost of higher education. They do this by reducing the amount of tax someone owes on their tax return. If the credit reduces tax to less than zero, the taxpayer may get a refund.
At any age, a Massachusetts divorce can set you back financially, but ending a marriage later in life poses an extra threat: derailing a previously on-track retirement. As is true with younger couples, a divorce is likely to leave you with higher living expenses, lower in-come, and less wealth. But if you're fifty something or older, you'll have a lot less time to amass more earnings to make up for what you've lost.
Unfortunately, people often hand off financial management to their Massachusetts partner when they do not feel confident managing money according to a 2018 survey for the National Endowment for Financial Education which found that 41 percent of Americans who combine finances with their partner said they'd deceived that person or loved ones about finances.
Little in military spouse life is more confusing than trying to figure out where, exactly, you're from. More than just a conversation starter, the answer can dictate a world of decisions, including where to register your car, where to vote in elections and, perhaps most importantly, where to file state taxes.