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Student Spouse Combat Pay or Special Combat Pay - Scholarships - financialaid okstate

Student Spouse Combat Pay or Special Combat Pay - Scholarships - financialaid okstate 2025

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The document is a form for Oklahoma State University students to report taxable combat pay or special combat pay for the 2013-2014 academic year as part of the FAFSA verification process. It outlines the necessary information required, certification of accuracy, and provides contact details for the Office of Scholarships and Financial Aid. Additionally, it emphasizes compliance with federal non-discrimination laws.

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Should I include my combat pay in my income?

More Tax Guides While you dont have to report your nontaxable pay as a member of the Armed Forces, nontaxable combat pay can count towards earned income for the Earned Income Tax Credit (EITC or EIC).

What do I put for combat pay on FAFSA?

Combat pay, although excluded from gross income, is still considered during the need analysis for federal student aid purposes. It is reported as untaxed income on Worksheet B of the FAFSA. It should also be included in the earned income figures reported on the FAFSA.

Why do I have combat pay on my W-2?

Nontaxable combat pay is the military pay that you received while you were deployed to a combat zone. This pay is not taxable and is automatically excluded from your taxable income when you enter your W-2.

What is combat pay FAFSA?

Defining Combat Pay Combat pay is a bonus paid to military service personnel who are serving in regions that are designated hazard zones. The additional pay is generally not subject to federal income tax although Social Security and Medicare taxes are deducted.

How do I know if I have combat pay?

Combat pay is indicated by code Q on Form W-2, box 12. Review LLT for understanding of when pay is excludable, but you will not need to make decisions about what is excludable. Excludable payment must be earned or accrued (not necessarily received) during a month the Armed Forces member served in a combat zone.

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