Military buyback and tax deductions

April 9th, 2012 | Uncategorized

Q. I bought back 2? years of service (about $2,500;?$647 was principle and $ 1,857 was accrued interest) in 2011. The redeposit was for service provided from March 25, 1985, to Aug. 26, 1987. Is any of it is tax-deductible for this year?s taxes?

A. No, it isn?t.

Tags: military buyback, taxes

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