How to Read Your Military Paystub
Reading a military pay stub is important because you need to be sure of what you pay from your salary as tax and what is available for you. It’s also good to teach your spouse how to read military paystub in case you are deployed so that s/he will not be left wondering what the lines mean. If you have ever chased a paycheck you can be sure there is no part of the process that is complex like reading the military pay stub. If you have ever had such a challenge before then this website will help you to know how you should read a paystub for your taxes. Find the things that are included in the military paystub that you should focus on.
You will have a section for personal information. Some of the things that you are supposed to fill here includes your complete names, your social security number, and pay grade. Before you are done with this part of personal information you will be required to indicate your branch of service and the terms of service. This information will help you to know your pay period and the deductions from your income.
You will also find a section on retirement and other deductions. Here you will be able to find out what are your withholdings, allotments, and also deductions. There is more to learn here about your retirement.
The next part of the military paystub discusses information for leave. This section will help you to understand your leave status, the amount of leave you have taken, and also the amount of leave you have remained. In case you don’t utilize all your leave days you will find more info here telling you the amount of leave that you will have lost.
Federal tax is the other sector you will come across in a military pay stub. Click for more here to know about your marital status, fiscal year pay, and also any exemptions made from your pay. Also, if you read more here you will know the accumulation of the tax you have paid to the state.
There is also a part that talks about the federal insurance contributions act. This part is very important to help you know what is deducted from you to the FICA and other insurances like Medicare.
You will also come across a field of state tax. By going through this part of the military paystub you will realize about tax information and the period you will be paid. To check about your contribution to rental housing check it out!