Commander Sogoro wrote:
What happens if you don't file for taxes? Will the money go bye bye? The military is pretty much my first real job and I don't know the process to doing this at all. 
I'm no expert.
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I'm no expert.
According to my LES(Military Pay Stub) Federal taxes are deducted before the money gets direct deposited into my account. So I shouldn't owe anything.
Bringing derailâ„¢ back.
Qui s'estime petit deviendra grand.
Qui s'estime petit deviendra grand.
Commander Sogoro wrote:
According to my LES(Military Pay Stub) Federal taxes are deducted before the money gets direct deposited into my account. So I shouldn't owe anything.
Federal taxes are always deducted. Whether or not you owe depends on a number of factors, but is primarily dependent on whether enough was deducted ahead of time to pay for what you should owe, based on income, tax bracket, deductions, credits, etc...
In any event, it doesn't mean you shouldn't file, at least, in the non-military world. I'm not sure if there's something special about the military in that regard or not.
Assuming you are an enlisted man, you would get a large chunk of your federal taxes back upon filing. You don't make enough for Unc'a Sam to keep everything you gave him, so why not file? Unless you like giving away your hard earned income.
Also, you should consider making a state without a state income tax your permanent home of record. Once again, unless you enjoy giving away your hard earned cash, make a place like Florida or Oregon your home. Avoid Louisana, California, and New York. Theives, every one of them.
Totem
Also, you should consider making a state without a state income tax your permanent home of record. Once again, unless you enjoy giving away your hard earned cash, make a place like Florida or Oregon your home. Avoid Louisana, California, and New York. Theives, every one of them.
Totem
Totem wrote:
Also, you should consider making a state without a state income tax your permanent home of record. Once again, unless you enjoy giving away your hard earned cash, make a place like Florida or Oregon your home. Avoid Louisana, California, and New York. Theives, every one of them.
Totem
Good advice, I was a resident of Kansas and after seeing them take a ballpark of $900, then at the end of the year demanding an additional $200, I left.
I went to Minnesota, though still has state taxes, but I get most of it back. As an added bonus, the state pays me $85 a month when I'm deployed out of the continental United States, an additional $35 if it is a combat zone. Though I'm about 11 years from retirement, the state of MN also has one of the best unemployment rates in the nation.
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