Maximize military tax benefits with expert guidance 

Understanding military taxes is crucial for tax pros due to the unique benefits and deductions available to service members. These complexities require specialized knowledge to ensure accurate filings and maximize potential refunds for military clients.

Below, you’ll find a few of the top questions from a recent webinar on the topic and their accompanying answers. If you choose to attend the on-demand version of this webinar, you can access the full recording and the entire list of Q&As.   

Q: Do any of these forms or rules apply to National Guard Enlisted Personnel, or is it only in the state they enlist?

A: Yes, they do apply, but only in limited situations. The Guard member must be called to service by the President or the Secretary of Defense for a period of 30 days or more.

Q: Does filing a Form DD2058, State of Legal Residence Certificate, change the home of record?

A: No, filing Form DD2058 does not change a military member’s Home of Record. It is only used to change the state of residency for withholding tax purposes.

Q: If the military pays to return them home, should there be no moving expense deduction on the tax return?

A: If the service member receives a nontaxable reimbursement for moving expenses, they cannot claim a deduction unless their moving expenses exceed the reimbursement amount.

Q: What is ‘MyPay’?

A: MyPay is an online tool for military personnel to manage pay information, view leave and earning statements, and access Form W-2 information.

To learn more about tax planning for military personnel and spouses, you can watch our on-demand webinar. NATP members can attend for free, depending on membership level! If you’re not an NATP member and want to learn more, join our completely free 30-day trial.