Example 3: GI Jack begins serving in a designated combat zone
on March 1, 1991, and leaves the area on May 31, 1991.
California tax law generally conforms to federal tax benefits for combat zones
and qualified hazardous duty areas, including:
For the deadline extension to apply, hospitalization must be the result of an injury received while serving in a combat zone
TAX TIP #3: EXTENSIONS FOR SERVICE MEMBERS SERVING OVERSEAS BUT NOT IN A COMBAT ZONE
It is also changing the way the Navy cares for its Sailors after they leave combat zones
A wound, disease or injury may be determined to have been incurred during service in a combat zone
, even though the MAF was not hospitalized until after he left the combat zone
Eligible individuals can claim the credit immediately for any terms of service dating back to the origination date by completing Form M99, Credit for Military Service in a Combat Zone
President George Bush recently signed the Heroes Earned Retirement Opportunities (HERO) Act, which amends the Internal Revenue Code to allow service members to still exclude their military compensation from federal income tax, but also contribute to an Individual Retirement Account (IRA) while serving in a combat zone
tax exclusion area.
Half of London becomes a combat zone
for techno-tin soldiers - the part that isn't arctically frozen, anyway.
There are a number of excellent financial incentives: a one-grade increase while deployed; hazardous duty pay if they are in a combat zone
; overtime pay; and certain tax incentives if they are in a combat zone
But tourists brave enough to sunbathe near a combat zone
are getting bargain holidays.
1499, the "Heroes Earned Retirement Opportunities Act," which amends the internal Revenue Code to allow members of the Armed Forces to include combat zone
compensation in determining the allowable income tax deduction for contributions to retirement savings plans; and