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03-24-2011, 10:03 PM | #1 |
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Going through Turbo Tax for my taxes this year, and under the heading of Non taxable income, Under the "Explain this" tab for this page, it mentions " - Military basic quarters and subsistence allowances". So does that mean i can claim my Basic Allowance for Housing, and Basic Allowance for Subsistence (BAH/BAS)?
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03-24-2011, 10:35 PM | #3 |
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Going through Turbo Tax for my taxes this year, and under the heading of Non taxable income, Under the "Explain this" tab for this page, it mentions " - Military basic quarters and subsistence allowances". So does that mean i can claim my Basic Allowance for Housing, and Basic Allowance for Subsistence (BAH/BAS)? |
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03-24-2011, 10:35 PM | #4 |
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03-24-2011, 10:41 PM | #5 |
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No. Block 1 of your W2 only list your taxable income from 2010 and does not and should not include any allowances such as BAH/BAS. So, you are only taxed on the amount in block 1. |
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03-24-2011, 11:50 PM | #6 |
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From Real Warriors Twitter Feed: File your 2010 #taxes yet? @Military1Source offers FREE #Tax Filing online just for #military service members: http://j.mp/gKmSYO #sot
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03-25-2011, 01:12 PM | #8 |
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With the high unemployment and underemployment that has plagued our country and some of the states having budget problems, I'm surprised the IRS and the states have not figured out how to tax BAH and BAS. Most states tax military retirees pensions and tax your property at up to 100% of value. Nebraska has a measly 16,000 military retirees, yet will not exempt them from paying income tax on their pensions and paying property taxes. So, the military retiree population will always be small in Nebraska.
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03-25-2011, 06:59 PM | #10 |
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