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HRB TAX SPECIALIST - MILITARY
By ExamNavigator
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HRB TAX SPECIALIST – MILITARY
- What is basic pay?
Answer: Basic military pay for various activities.
- What is special pay?
Answer: Pay for career-specific activities.
- What is bonus pay?
Answer: Additional pay based on various events.
- What is incentive pay?
Answer: Pay for certain duty assignments.
- What is other pay?
Answer: Pay not covered under previous types.
- What is included in basic pay?
Answer: Active duty, service school attendance, back wages, cadet/midshipman pay, drills, reserve training, training duty.
- What is included in special pay?
Answer: Aviation career incentives, career sea pay, diving duty, foreign duty, foreign language proficiency, hardship duty, hostile fire or imminent danger, medical and dental officers, nuclear-qualified officers, optometry, other health professionals, pharmacy, special compensation for assistance with activities of daily living, special duty assignment, veterinarian, voluntary separation incentive.
- What is included in bonus pay?
Answer: Career status, continuation of service, enlistment, officer status, overseas extension, reenlistment.
- What is included in incentive pay?
Answer: Submarine duty, flight duty, hazardous duty, high altitude/low opening (HALO) duty.
- What is included in other pay?
Answer: Accrued leave.
- What is not included in gross income?
Answer: Allowances and benefits not listed.
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- What is CONUS COLA?
Answer: Supplemental allowance to offset high cost of living.
- What does CONUS stand for?
Answer: Continental (or Contiguous) United States.
- What does COLA stand for?
Answer: Cost of Living Allowance.
- What are in-kind military benefits?
Answer: Personal use of a military vehicle.
- What is high deployment per diem?
Answer: Personal money allowances for high-ranking officers during deployment.
- What is student loan repayment?
Answer: Repayment of student loans through pro- grams like the Department of Defense Education Loan Repayment Program.
- When can student loan repayment be received?
Answer: When the years' service requirement isn't attributable to a combat zone.
- What payments can an employer make?
Answer: Payments of principal or interest on certain qualified education loans.
- When can an employer make these payments?
Answer: After March 27, 2020, and before January 1, .
- What is nontaxable income?
Answer: Income not subject to tax.
- What is combat zone pay?
Answer: Compensation for active service in a combat zone.
- What are some types of other pay that are nontaxable?
Answer: Armed Forces Health Professions Scholarship, disability retirement pay, disability severance payments, group-term life insurance, professional education, ROTC allowances, state bonus pay, survivor and retirement protection plan premiums, uniform allowances, certain qualified education loan payments.
- What are death allowances?
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Answer: Burial services, death gratuity payments, travel of dependents to burial site.
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