Most members of the military will get a base pay increase beginning in January, however their take home pay will be smaller temporarily. But don’t panic, here’s why. An order signed back in August deferred certain taxes for both military members and civilians. This action gave you an increase in your 2020 paycheck, but requires the taxes to now be repaid. So … [Read more...] about Military Paychecks Will Be Smaller in January. Don’t Panic Yet
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2021 Military Pay Raise Is Kept by Senate Committee
The Senate Appropriations Committee came out with their version of next year's defense funding bill, and it contains a military pay raise of 3%. New pay rates, once the defense budget is passed, take effect on January 1, 2021. And the new rates would first be reflected on paychecks issued on January 15, 2021. IMPORTANT: 85% of Vets Aren’t Using This $42K Housing … [Read more...] about 2021 Military Pay Raise Is Kept by Senate Committee
Here’s Your 2021 Military Retiree and VA Disability Pay Raise
Beginning in 2021, military retirees and VA beneficiaries will see an increase in their checks. How much exactly? You can expect for your monthly checks to increase 1.3%. That number is a bit less than the 1.6% increase from last year, however if you look over the course of the past 10 years the number is in line. BIG NEWS: New Law Removes VA Home Loan Limit … [Read more...] about Here’s Your 2021 Military Retiree and VA Disability Pay Raise