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Before WAEPA, civilian employees had limited life insurance options until the Federal Employees' Group Life Insurance Act of 1954 [2] provided group life insurance by the U.S. Government. WAEPA's insurance products are underwritten by the New York Life Insurance Company. The association has more than 50,000 [3] members from every civilian ...
Military moving mileage rate: 21 cents per mile (1 cent decrease from 2023). Qualified active-duty Armed Forces members can deduct the miles they drive while moving, as long as the move stems from ...
Basic allowance for subsistence (BAS): BAS is meant to offset costs for a member's meals. This allowance is based in the historic origins of the military in which the military provided room and board (or rations) as part of a member's pay. This allowance is not intended to offset the costs of meals for family members.
The US Government also allows federal employees to purchase a home at the temporary duty location and claim the allowable expenses of: mortgage interest, property taxes and utility costs actually incurred. [12] In addition, truck drivers have a special way of calculating a tax deduction for per diem.
The IRS standard mileage rate is a key benchmark used by the federal government and many businesses to reimburse employees for out-of-pocket expenses. IRS mileage rate for business goes up by 1.5 ...
The Federal Employees' Group Life Insurance Act (FEGLIA) is a United States federal statute passed by the 83rd U.S. Congress and signed into law by President Dwight D. Eisenhower on August 17, 1954. [2] The act provided for a group life insurance policy for most federal employees, similar to those provided for employees of most large industries.
President Joe Biden's administration on Wednesday announced new steps to improve a program that lets federal employees who also are military spouses telework from overseas. The steps are part of ...
The company's response included an open letter to the military community in which it addressed what it characterized as "misinformation" about the nature of the accounts. [8] [9] Military Times noted that prior lawsuits against insurance companies pertaining to the use of retained asset accounts have been dismissed in federal courts without ...