Hey guys, I'm a high school junior contemplating a military career. Can any of you shed some light on how the pay structure changes when deployed overseas? Anything specific I should be aware of?
When it comes to military pay during overseas deployment, a few factors are important to consider. Firstly, alongside your basic pay which is primarily based on your rank and length of service, you may also receive additional allowances and benefits when deployed overseas.
1. Housing Allowance: Military service members get a Basic Allowance for Housing (BAH) when stationed in the U.S. When deployed overseas, this may switch to an Overseas Housing Allowance (OHA), depending on your housing situation. OHA is not fixed and adjusts according to the country and city in which you are serving.
2. Hardship Duty Pay-Location (HDP-L): This is paid when you are assigned to a location where living conditions are substantially below U.S. living standards. The rate can range from $50 to $150 per month.
3. Family Separation Allowance (FSA): You may qualify if you're apart from dependents for over 30 days due to military orders. This is typically $250 a month.
4. Hostile Fire and Imminent Danger Pay: If you're deployed to an area that has been recognized as perilous or life-threatening, you may receive an additional $225 monthly.
5. Tax Advantages: Another important thing to bear in mind is that for enlisted members and warrant officers, combat zone tax exclusion applies. This means that all of your military pay can be exempt from federal income tax if you're serving in a designated combat zone.
6. Savings Deposit Program (SDP): If you're deployed to a designated combat zone, you can participate in the SDP which allows you to deposit up to $10,000 and earn a guaranteed 10% interest annually.
Keep in mind this is a broad overview and specific details might vary based on your branch of service, deployment location, and individual circumstances. Always check with your military finance officer or counselor to get the most accurate and updated information pertinent to your situation.
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