• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer

US Military

  • Branches
    • Army
    • Navy
    • Air Force
    • Marine Corps
    • Coast Guard
    • National Guard
    • Air National Guard
    • Find A Recruiter
  • Find A Recruiter
  • Military Benefits
    • GI Bill
    • VA Loans
    • Military Scholarships
    • Military Friendly Colleges
    • Money
  • Jobs
    • Military Pay Chart
    • Veteran Jobs
    • Civilian Jobs
  • VA Loan Rates
  • Military News
    • Top News
    • Benefits
    • Careers
    • Education
    • Featured Columnists
      • Larry Fowler
      • Scott Ostrow
      • Kim Lengling
      • Dr. Sasha Toperich
      • Rick Stewart
  • USM Shop
  • GI Bill
  • VA Loans
  • Military Scholarships
  • Top Military-Friendly Colleges and Universities in America

Advantages To An Enlisted GI Education

October 29, 2008 By admin

Different elements of the Montgomery GI Bill allow Servicemembers that have served on active duty to get an education, or to qualify for different Veterans benefits after they leave military service. Many members of the Military wait to attend school until after they are done with active duty service, but there are also many that try to do both, attending school part time or at night while on active duty.

If you are paying expenses for an eligible student, and you pay for the expenses for education at a qualified institution of higher learning, and the student is yourself, your dependent, or your spouse, then you may be eligible to claim up to $4,000 off your tax bill. But there is a number of different financial benefits that are available to members of the military who enlist in the Armed forces. To qualify for the possible $4,000 dollar deduction you have to not earn more than $65,000 dollars a year gross income. Costs for fees, and tuition are deductible, and these costs for first three months of 2008 are also eligible. These are excellent programs, but they have limits. For others, there is a more basic tax deduction that you can qualify for if you meet a certain number of qualifications. These financial advantages are in the form of tax deductions, among other things, that can reduce your taxes and take it off the top of what you pay annually in taxes. This can help many enlisted Servicemembers get a great start financially each year. This can give you an advantage financially and help provide you with funds to use to your education. If you have to file separately as a married person, or last if you are a alien or non resident, then you may not be eligible for a tax deduction. For example if you have tuition at $11,000 dollars a year, and you pay for nearly all of it, $8,000 dollars with financial and military educational aid, then all you can claim is the remaining $3,000 dollars.

Do You Have Prior Service? Get Cash Bonuses For Your Past Military Service. Click here for more information.

Serving your country allows you to get Montgomery GI benefits, and Tuition assistance benefits that allow you to attend classes many times when you could not afford to. You cannot claim tuition paid by tax-free funds such at Montgomery bill, military TA, or federal financial aid.

Filed Under: Enlist, Updates

[related_posts_by_tax format="thumbnails" limit_posts="100" image_size="sidebar-thumbnail" public_only="true" posts_per_page="6"]

Primary Sidebar

USMilitary.com Career Guide

Sign up to receive USMilitary.com email updates and to hear what's going on with all military branches!

Featured Columnists

Larry Fowler

Larry Fowler is the publisher of USMilitary.com Network one of America's premier privately owned

Daring True Story Comparing Gutsy Christian Living With Navy SEAL Training (BUD/S).

Scott Ostrow

Lt Col (Dr.) Scott A. Ostrow retired from the Air Force in September 2005 and has been teaching

Must Read: The Truth About The ASVAB Test Prep From The Man Who Wrote The Book

Kim Lengling

Kim Lengling is a Air Force Veteran whose passion is to help support veterans and their

The Moving Wall: Women Who Paid The Ultimate Price For Their Country

Dr. Sasha Toperich

Dr. Sasha Toperich is the Senior Executive Vice President at Transatlantic Leadership

Sarraj’s Dangerous Dance With Power

Rick Stewart

Rick Stewart is a former United States Air Force Survival, Evasion, Resistance, and Escape (SERE)

Announcing American Patriots Unsung Magazine

Nathan B. Nelson

Capt (ret) Nathan B. Nelson is the Director of Military Affairs for the 1st Congressional district

Three Critical Considerations for Every Veteran Prior to Leaving Active Duty

Laquan Daniels

Laquan Daniel is a military recruiting expert with over 17 years of specialized experience in the

Important News For Military Transitioning Veterans

Veteran Buzz

Hire Military Veterans

Which Companies Are Most Likely to Hire Military Veterans?

July 30, 2018 By Ben Ehinger

High-Paying Jobs for Military Veterans

5 High-Paying Jobs for Military Veterans

July 2, 2018 By Ben Ehinger

High Paying Jobs Not Requiring a Degree

June 28, 2018 By Ben Ehinger

Footer

  • Advertise With Us
  • Privacy Policy
  • Write For US
  • Link to Us

Recent

  • Daring True Story Comparing Gutsy Christian Living With Navy SEAL Training (BUD/S).
  • Apache Attack Helicopter Pilot: To Maintain a Watchful Eye, “Above the Best”
  • Peering Into The Future: NATO 2030 Initiative Announced
  • What Military Branch Sees the Most Combat?
  • From Belarus “With Love”, Yet Again

Search

© Copyright 2021 USMillitary
Web Design by Goebel Media Group


THIS IS A PRIVATE WEBSITE THAT IS NOT AFFILIATED WITH THE U.S. GOVERNMENT, U.S. ARMED FORCES, OR DEPARTMENT OF VETERANS AFFAIRS. U.S. GOVERNMENT AGENCIES HAVE NOT REVIEWED THIS INFORMATION. THIS SITE IS NOT CONNECTED WITH ANY GOVERNMENT AGENCY.

​Tips
Discounts
News

​

​

Join the USMilitary.com Newsletter Today!

By subscribing you agree to our terms & conditions

x