Index

As thanks to the men and women in the armed services who serve our nation, this section covers special personal finance information for the military and reserves.

Military Saves
This site encourages the military community to meet immediate needs and build long-term wealth through saving and debt reduction.

Tax Tips for Members of the Military
At this time of year, people are organizing their records in preparation for filing their tax returns. This is often a challenging task, and that may be particularly true for those who are serving in the armed forces. That’s why the Texas Society of CPAs advises that anyone who is in the military or has family members that serve our country be aware of some of the special tax breaks and programs available to them.

10 Smart Ways to Avoid Identity Theft
The phone rings and it ’s a collection agency demanding payment on an overdue account you did not know you had. Or perhaps you notice purchases on your credit card statement that you didn’t make. Identity theft can happen to anyone, and it’s important to take steps to protect your personal information.

Planning for the Possibility of Incapacity
No one can predict the future with any certainty, but you can put in place plans to help deal with unforeseen issues and events, such as the possibility of incapacity. Find out what legal documents you can use to appoint someone you trust to handle your legal, financial, and health care matters in the event you are mentally or physically unable.

Is a Tax Credit Just a Tax Credit?
A tax credit is a tax credit. Right? Wrong, say Texas CPAs. There are actually two kinds of tax credits, and one type can help you get an even bigger refund.

Two Incomes to One: Texas CPAs Give a Lesson in Cutting Back
Whether you’ve made a conscious choice to switch from a dual-income to single-income household or you have found yourself in this position suddenly as the result of a reserve call-up, there are steps you can take to minimize the financial impact on your household.