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Personal Financial Management in a Transition 8. Tax Planning Tools 08_B Understanding How Taxes Change DoD TAP You are about to embark on a new “tax adventure”

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Presentation on theme: "Personal Financial Management in a Transition 8. Tax Planning Tools 08_B Understanding How Taxes Change DoD TAP You are about to embark on a new “tax adventure”"— Presentation transcript:

1 Personal Financial Management in a Transition 8. Tax Planning Tools 08_B Understanding How Taxes Change DoD TAP You are about to embark on a new “tax adventure” blending Military with Civilian (and maybe Retiree) finances and perhaps over multiple locations

2 IRS.gov IRS Withholding Calculator http://www.irs.gov/Individuals/IRS-Withholding-Calculator Good way to get a handle on taxes with multiple employers

3 Understanding State Taxes  Military  Retiree  Part Year Resident  Different types of employment and income www.iltax.com http://www.iowa.gov/tax/ http://www.moaa.org/main_simplelist. aspx?id=441


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