Table of Contents
By now you probably have heard that the military will not have their social security-FICA taxes withheld for the rest of 2020. While you may have heard about it, you may not know what to do about it.
To get everyone up to speed quickly, I’ve invited Kate Horrell from KateHorrell.com and Daniel Kopp from Wise Stewardship Financial Planning to break down what the tax deferral is and how you can best manage the money for your current situation.
It’s always fun to have Daniel and Kate on the show. Because we’re friends I decided to put that friendship to the test in Game Time. Listen to hear who knows me best, Daniel or Kate.
The Military Money Show is sponsored by Charles Schwab. Since 1973, Charles Schwab has been helping people achieve better financial outcomes for themselves and their families. You can learn more about Charles Schwab and the work they do at Schwab.com.
More on financial help: Where to Get Free Financial Help
More resources: How to Read a Military LES (and Understand it)
Want to learn more about personal finance in the military? Check out our latest blog posts below and subscribe to get updates!