The 2019 Defense Budget calls for $686.1 billion in spending and a 2.6 percent pay increase for service members. President Trump's proposed defense budget reflects a 2% increase year over year. "We will make targeted, disciplined increases in personnel and platforms to meet key capability and capacity needs." Summary of the 2018 National Defense Strategy of the United States of America Proposed 2019 NDAA Details: Military Benefits & Compensation Military Pay: 2.6% proposed … [Read More...]
2019 Military Pay
The 2019 proposed military pay increase has been set at 2.6% which would be .2% higher than last year and the highest increase in 9 years. The proposed pay increase still has to be approved by Congress and the President which typically occurs in December. “In support of the department’s effort to continue to build […]
2019 BAH (Basic Allowance for Housing) Rates
The 2019 Basic Allowance for Housing (BAH) rate increase is currently proposed at 2.9% according to the Department of Defense's FY2019 Defense Budget. The January 1, 2018, and January 1, 2019, average BAH inflation rate assumptions are respectively, 1.7 percent and 2.9 percent on average, reflecting the Department's move to slow the growth of pay and benefits. The 2019 BAH increase will be effective on January 1, 2019, and service members would see … [Read More...]
Free Tax Filing for Military Members
When tax filing season begins, military members (and in some cases, military spouses) should know about the free and discounted options available to them. Free tax help is one of the “hidden” benefits of serving, and while tax prep and filing may seem intimidating, as long as you have the right paperwork and start early […]
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Forever GI Bill: For More Than Just College
The Forever GI Bill was signed into law with many provisions, upgrades, and improvements scheduled to happen immediately, while other changes are to be phased in over several years. One of the most significant benefits of … [Read More...]