head_left_image

Paydays for Military Retirees Are Changing

Great information for all military retirees who will be wondering what is going on with their pay at the end of September and the end of the year.  Though early checks are nice there can be complications to consider.  Thanks to Louise for pointing out this information.

 

According to information provided at www.Military.com, paydays for military retirees and those who receive portions of retired pay are changing for September and December,as the Defense Finance and Accounting Service (DFAS) changes its pay schedule to comply with the 2011 National Defense Authorization Act.

This year payments normally scheduled for Oct. 3, 2011 will be issued on Sept. 30, 2011 and payments normally scheduled for Jan. 3, 2012, will be issued on Dec. 30, 2011. For the calendar year 2011, this means military retirees will receive 13 rather than the normal 12 payments.

Retirees should be aware that this extra paycheck could affect their taxes and therefore they should speak with a tax advisor, the Internal Revenue Service or their state tax authority to determine if their tax withholding will satisfy federal and state income taxes when they file returns next year. Need more details?  See the
Military Advantage blog.

 



 

 Join our Cause on Facebook!

Louise Thaxton VA Military Suits in Boots 

Louise G. Thaxton NMLS #69996, VA Home Loan Expert

#6 in Nation for VA Loans 

Fairway Independent Mortgage Corp NMLS #2289

Phone: 866-960-9115  Email: lgthaxton@fairwaymc.com

www.MilitaryMortgages.org 

Find Me Online!

Louise Thaxton FacebookLouise Thaxton TwitterLouise Thaxton LinkedinLouise Thaxton Blog

                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

Military Relocation Professional


Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

Licensed in the Commonwealth of Virginia



 

 

Comment balloon 1 commentCindy Jones • September 08 2011 08:35AM

Comments

Cindy - thanks for the re-blog!  I certainly appreciate all YOU do for our military.

Posted by Louise Thaxton NMLS 69996, Military Mtg Specialist - 866-960-9115 VA FHA USDA (Fairway Independent Mortgage Corp Louisiana NMLS#2289 Equal Housing Lender) over 7 years ago

This blog does not allow anonymous comments