Important Income Tax Advice for the U.S. Military

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Members of the U.S. military are being offered important advice about filing income taxes on MilitaryMoney.com's radio Interview of the Week, featuring Jackie Perlman of H&R Block.

In this week’s MilitaryMoney.com radio interview, members of the U.S. military are being offered advice about filing income taxes by H&R Block, the world's largest tax services company.

New legislation could mean higher tax refunds for military families as well as a new opportunity to recoup money paid as a penalty for early withdrawal of retirement account funds in past years.” Jackie Perlman, H & R Block

Mike Schiano, host of the InCharge Radio Network which produces MilitaryMoney.com speaks with Jackie Perlman, Senior Tax Research Coordinator for H&R Block, about two important law changes that can mean higher tax refunds for military reservist and national guardsman as well as a new opportunity to recoup money paid as a penalty for early withdrawal of retirement account funds in past years when this year’s income taxes are filed.

Perlman gives details about the Pension Protection Act of 2006 and the Hero Act which includes benefits available to all U.S. military who served in a Combat Zone, even prior to 2006.

Militarymoney.com is featuring a radio interview each week bringing important financial and lifestyle information, advice, and resources to U.S. military and their families.

About Military Money®

Military Money is published by the InCharge® Education Foundation, Inc., in partnership with the National Military Family Association (NMFA). It is part of the Department of Defense’s “Financial Readiness Campaign,” created and distributed with the support of the Office of the Under Secretary of Defense for Military Community and Family Policy. For additional information, visit http://www.MilitaryMoney.com

Contact info: Ed Koziol 1 (888) 436-8765

Headquartered in Orlando, Florida, InCharge® Institute of America, Inc., is a national nonprofit organization specializing in personal finance education and credit counseling. The InCharge Institute organization includes InCharge® Education Foundation, which publishes YOUNG MONEY® magazine and Military Money® magazine and offers basic financial management education to clients and the general public, and InCharge® Debt Solutions, which provides professional credit counseling and education services. InCharge Debt Solutions is a member of the Association of Independent Consumer Credit Counseling Agencies (AICCCA). For additional information, visit http://www.InCharge.org.

About H&R Block

H&R Block Inc. (NYSE: HRB) is a leading provider of tax, financial, mortgage, accounting and business consulting services and products. H&R Block is the world's largest tax services provider, having prepared more than 400 million tax returns since 1955. The company and its subsidiaries generated revenues of $4.9 billion and net income of $490 million in fiscal year 2006. The company operates in four principal business segments: Tax Services (income tax preparation and advice via in-office, online and software solutions); Mortgage Services (non-prime mortgage originations and loan servicing); Business Services (tax, accounting and consulting services for midsized businesses); and Consumer Financial Services (investment and financial advisory services, retail mortgage loans and banking services). Headquartered in Kansas City, Mo., H&R Block markets its services and products under three leading brands - H&R Block, Option One and RSM McGladrey. For more information visit our Online Press Center at http://www.hrblock.com.

Contact info: Dave Santee 1(800) HRBLOCK

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