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A month of recognition
Memorial Day honors those who’ve lost their lives in the armed services, but many don’t realize that May 21 was Armed Forces Day, which honors those currently serving, and the entire month of May is National Military Appreciation Month – and with that in mind, the Internal Revenue Service has released its annual Armed Forces Tax Guide to help members of the military learn about the many tax benefits available to them.

You can see the guide, Publication 3, here; what follows are some highlights worth bearing in mind for your clients in the military and their families.