Benefits & Planning
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Financial Resources
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Run by a current active-duty Air Force officer sharing information about maximizing credit card benefits as a service member, budgeting, and real estate investing.
The Military Wallet is a personal finance and benefits website for military members, veterans and their families. Our goal is to help the military community better manage money and understand the variety of programs and benefits available to them.
Regular Military Compensation (RMC) Calculator
Regular Military Compensation (RMC) is defined as the sum of basic pay, average basic allowance for housing, basic allowance for subsistence, and the federal income tax advantage that accrues because the allowances are not subject to federal income tax. RMC represents a basic level of compensation which every service member receives, directly or indirectly, in-cash or in-kind, and which is common to all military personnel based on their pay grade, years of service, and family size.
Schwab Moneywise Civilian vs. Military Pay Calculator
If you're a retiring or separating member, this calculator can help you better understand how much you'll need to earn as a civilian to realize the same take-home pay you had in the military. Note that this is just a first-level calculator. You may also need to account for contributions to a 401(k) retirement plan, health insurance, and other expenses.
Income in America is taxed by the federal government, most state governments and many local governments. The federal income tax system is progressive, so the rate of taxation increases as income increases. Marginal tax rates range from 10% to 37%.
