Tax Resources
 
Federal income taxes may have a few more considerations and complexities for military families. Use these resources to help you navigate your tax prep and filing.
Dependent Care Flexible Spending Account
 
DCFSA allows enrollees to set aside pre-tax income to cover eligible dependent care expenses. Participants can set aside up to $7,500 per household for eligible expenses. Common expenses include day care, preschool, elder care, and nanny or au pair expenses.
For your reference, please find the Defense.gov news release and the announcement memo at the links below:

DCFSA educational campaign materials are available at the below links to facilitate awareness and understanding of the DCFSA benefit.
  1. Office of Financial Readiness: finred.usalearning.gov/benefits/dcfsa
  2. Military OneSource: militaryonesource.mil/DCFSA
  3. FSAFEDS (sponsored by OPM): FSAFEDS.com/explore/usmdcfsa
 

Educational Videos

Choose a character and go through a couple of simulations to learn impacts of financial decisions. You may also learn more about how to tackle debt, make decisions on major purchase and develop a spending plan.

For AER Financial Literacy Training, click "See All Videos”

 

Calculators

Don’t just guess — calculate. With the help of these financial calculators, you can get an accurate picture of how various decisions will affect your overall financial health.

Self-Assessment Tool

This tool is designed to give you a high-level snapshot to help you assess where you are today. Use this as a resource to track your progress over time.

Where to Go for Help
 
You are not alone! You have many layers of support to help you learn more and make positive financial decisions.