Rules on Special Military Family Tax Breaks Can Get Tricky
Many service members and their families qualify for special tax breaks, such as combat pay, tax-exempt allowances, residence flexibility, and more. However, eligibility can get a bit tricky according to experts.
Collin Lyon of Anderson Financial Strategies said that many …
View moreSenators Urge CFPB to Restart Operations to Protect Veterans from Fraud & Abuse
US Senators Richard Blumenthal, Tammy Duckworth, and Mazie Hirono, all part of the Senate Veterans’ Affairs Committee, banded together to urge President Donald Trump and billionaire Elon Musk to restart operations of the Consumer Financial Protection Bureau (CFPB). The trio …
View moreMilitary Spouses Gain Major Tax Residency Choices Under Recent Legislation
The North Carolina Department of Revenue recently announced some rules in line with the Servicemembers Civil Relief Act (SCRA). This federal legislation permits military spouses to choose the same tax domicile as their spouse serving in the Armed Forces. The …
View moreWhistleblower Exposes USAA’s 400,000 MLA Violations Amid Defamation Lawsuit
A whistleblower recently filed a defamation lawsuit against the United Services Automobile Association (USAA), specifically its indirect wholly owned subsidiary, USAA Federal Savings Bank (USAA Bank). The case, which a judge in Florida dismissed, revealed that the USAA had about …
View moreCFPB, DOJ Issue Reminder on Interest Rate Caps for Servicemembers’ Loans
The Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) recently posted a joint letter directed to financial institutions, reminding them to honor the Servicemembers Civil Relief Act (SCRA). In particular, the DOJ and CFPB highlighted the importance …
View more$1.6 Million DOJ Settlement Against GOP Candidate’s Firm Raises Concerns in Moorestown Council Election
A Moorestown Township Council Republican candidate’s real estate company entered into a settlement with the Justice Department in 2019 over reportedly getting illegal court judgments against active duty service members who were his renters. Because the renters were charged exorbitant …
View more