Veterans across the nation are about to receive a permanent shopping perk. Beginning November 11th, honorably discharged veterans who aren’t retirees will get access to military exchanges through shopmyexhange.com, the online site for the Army and Air Force Exchange Services. Military retirees currently enjoy the tax-free shopping through the website.
The new policy allows veterans to shop tax free through the exchange for their entire life. The policy had currently covered 12 million active-duty members and retirees, but now about 18.5 million more veterans will qualify for the benefit. The Operations current chief executive Tom Shull expanded the access to the site because he wanted to see online shopping privileges for veterans extended to show appreciation for their service. While veterans are often recognized for their service during Veterans day, Shull said he wanted to show that appreciate year-round.
Shoppers on shopmyexchange.com can enjoy tax free shopping, competitive pricing, free shipping for orders over $49, and access to a line of credit through the private Military Star Card program.
Veterans can visit shopmyexchange.com to register and their discharge statuses will be verified through government records. Once verified, veterans can shop on the website and they can also shop through the sister websites for exchanges that serve the Navy, Marine Corps, and Coast Guard. The different sites carry about the same products, though specific service sites carry service-specific uniforms and accessories.
Another benefit of the online exchange is that most of the profits generated by the site go towards supporting quality-of-life programs for active-duty military members and their families. Those quality-of-life programs include building and operating fitness and child development centers, paying for below-cost school lunches for children overseas, providing active-duty service members with below-cost uniforms and other activities.
Additional Readings
Getting a notice that you’re facing an IRS audit can be unnerving, to say the least. Last year, 3.8 of every thousand tax returns were audited. An IRS audit is something no one wants to face, but it’s always a possibility. Even if you’ve followed every rule for filing your taxes and think you have accurate returns,...
We have compiled this comprehensive guide to help businesses understand their obligations related to sales tax in the state of Kansas. The guide covers various topics, including what items are subject to sales tax, how to register and file sales tax, and how to collect and remit sales tax. In addition to providing information on...
We’re in an era in which more small businesses are launching like wildfire. Recent studies showed that 17 million new small businesses were expected to launch in a single year. Small businesses are the backbone of the economy. But they’re often more tumultuous, have fewer resources, and are run by less experienced professionals. If you...
April 18 is fast approaching. That’s the official deadline for filing your 2022 federal tax return. As you gather your documents and assemble your information, it’s important to know about recent changes that have occurred. This year, the Internal Revenue Service (IRS) adjusted many of its 2023 tax rules. While you’ll still follow 2022 rules to...
Sales tax is paid to a local or state governing body for the sale of certain services and goods. In Oklahoma, the state sales tax is 4.5%, which is charged on sales of certain services and tangible personal property. Along with the state sales tax, local sales taxes and special district taxes may apply. Business owners...
If you have been struggling to pay the bills or your taxes, you may receive a notice that a garnishment or levy has been placed on your wages or bank account. Even if you make every effort to pay your back taxes, your circumstances may make paying your taxes difficult, such as a job loss...