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Tax Deduction Consulting: Military Tax Deduction Washington DC

The reduction in income is claimed on IRS Form 2106 or Form 2106EZ and the appropriate amount in entered on the proper line on your Form 1040. If you do have legitimate expenses that exceed the allowable limits of the Federal Per Diem or Standard Mileage Allowance, they must be claimed as regular itemized deductions on your tax return.

Joseph Bonaccorsy
2011 Crystal Dr.
Arlington, VA
Company
Title: Financial Advisor
Company: Core Advisory, LLC
Type
Registered Investor: Yes
Education
Florida Tech /CFP
American Intercontinetal/BA - Maga Cum Laude
Institute of Business Finance/MSFS
Years Experience
Years Experience: 15
Service
Wealth Management,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Business Income Tax Planning,Fee-Only Comprehensive Financial Planning,Stock Market Alternative,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Distribu

Data Provided by:
Barbara J. OLeary (RFC®), CEP
(703) 370-7666
101 South Whiting Street Suite 203
Alexandria, VA
Qualifications
Years of Experience: 18
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Portfolio Management, Retirement Planning, Tax Planning, Tax Returns, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Healthcare Accounts, Compensation Plans

Data Provided by:
B. Frank Doe (RFC®), CFP, MBA
(703) 272-7177
10560 Main Street, Suite 316
Fairfax, VA
Company
Frank & Darby Doe
Qualifications
Education: MBA
Years of Experience: 33
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Retirement Planning, Tax Planning, Tax Returns, Mutual Funds, Annuities

Data Provided by:
Multistate Tax Commission
(202) 624-8699
444 N Capitol St NW Ste 425
Washington, DC

Data Provided by:
Jackson Hewitt
(202) 588-1885
251 Florida Avenue
Washington, DC

Data Provided by:
Charles Stough
1940 Duke St, Suite 200
Alexandria, VA
Company
Title: LPL Wealth Planner
Company: WealthPath LLC
Type
Investment Advisor Rep: Yes
Education
University of Oklahoma/MHR
University of Florida/BA
Years Experience
Years Experience: 7
Service
Pension for Highly Compensated Owners,Income for Life/ Preserve Principal,Alternative Investments,Retirement Planning,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Hourly Financial Planning Engagements,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Annuities,Alternative Asset Class Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planni

Data Provided by:
Mr. Vijay K. Khetarpal (RFC®), CFP, CHFC, CLU
(703) 356-4888
8607 Westwood Center Dr #300
Vienna, VA
Company
Integrity Financial Group, LLC
Qualifications
Education: B.A (Honors) Economics, St. Stephens College, DelhiAll India HS Humanities, Mayo College, Ajmer
Years of Experience: 27
Membership
IARFC, MDRT, FPA, SFSP, NAIFA
Services
Invoice, Estate Planning, Business Planning, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Mr. Martin J. Beeson (RFC®), CEP, CSA
(866) 388-0110
2135 Defense Hwy Ste 6
Crofton, MD
Company
The Planning Companies
Qualifications
Years of Experience: 19
Membership
IARFC, NICEP
Services
Invoice, Estate Planning, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Charitable Foundations, Asset Protection, BuySell

Data Provided by:
Ari Group Llc
(202) 723-5059
1731 7th St Nw
Washington, DC

Data Provided by:
Express Tax Svc
(202) 332-0400
1541 7th St NW
Washington, DC

Data Provided by:
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Tax Deduction Consulting: Military Tax Deduction

Military Tax Deduction

There is a special provision for members of the National Guard or Reservists who incur travel expenses that are not reimbursed. This military tax deduction is a reduction of income rather than an itemized deduction.

If you are a member of the National Guard or a Reservist and incur some un-reimbursed travel expenses as a result of your service, you have a way to take this as a reduction of income rather than an itemized deduction on Form 1040, Schedule A. The travel must be overnight and more than 100 miles from your home. The purpose must be a drill or meeting. The expenses must be ordinary and also necessary. If these conditions are met, you can claim this special military tax deduction.

The amount of the military tax deduction, or reduction in income, will be limited to the regular Federal Per Diem payment which covers lodging, meals, and incidental expenses. It also includes the Standard Mileage Allowance, for use of your personal automobile, plus and parking, ferry fees, or tolls.

The reduction in income is claimed on IRS Form 2106 or Form 2106EZ and the appropriate amount in entered on the proper line on your Form 1040. If you do have legitimate expenses that exceed the allowable limits of the Federal Per Diem or Standard Mileage Allowance, they must be claimed as regular itemized deductions on your tax return.

There are certain other military tax deductions that are allowed. Since military uniforms can be generally worn off duty, the upkeep is not deductible. If the uniform, due to military regulations, can not be worn off duty, the upkeep is deductible to the degree it exceeds the military uniform allowance. This applies also to certain kinds of educational expenses. When the educational expense is incurred for an activity that is required or substantially increases your qualifications for your position or a new related position, the expenses that exceed your allowance are deductible.

Normally, the military service is ...

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