U.S. Military Forces Get Tax Relief

WASHINGTON -- Treasury Secretary John Snow announced Thursday that American military service personnel will get an automatic extension on their filing deadline and also will have all pay earned while they are in a combat zone excluded from income taxes, The Associated Press reported.

"Relieving members of the military and their families from concerns about their taxes is a small token of the appreciation we owe them," Snow said in a statement detailing the tax relief measures that the military would receive.

"In recognition of their service to this country, all servicemen and women are provided an exclusion from income for the military pay they earn while in the combat zone and automatic extensions of time for filing a return or paying a tax," Snow said.

Snow said the exact types of tax relief are spelled out in an Internal Revenue Service Notice 2003-21, which is available on the IRS Web site at http://www.irs.gov.

For more related information, visit the new NYSSCPA Military Assistance page.

-- NYSSCPA.org News Staff

Posted on 04/10/03

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