Income Tax Updates 2009
October 23rd, 2008
Question: Deployment readiness for military spouse (power of attorney, DEERS)?
My husband is in the Marine Corps. and deploying to Afghanistan Sept. 20th 2009. Our baby boy is due Dec. 11th.
1) I understand that I need to update with DEERS that he will have a new dependent. Is there any other place I need to update this with besides Tri-care? Do I have to go to IPAC? Also, I am confused as to if he will be paid for the new dependent?
2) I have a general power of attorney for my husband, but have been reading that this is not enough if I need to handle loan accounts that I am not on, or to be able to sell his vehicle while he is gone, handle insurance policies, file his income tax return etc. If I get a “special” power of attorney each of these items has to be listed? I thought that in the state of Texas a general power of attorney meant that I could handle anything on his behalf.
Answer: You will need a Specific POA that allows you to talk to the loan company, the bank, to sell and purchase a vehicle and anything else. This might be allowed by a Specific Financial POA but sometimes they will require one for each item. A General POA will not work when it comes to financial matters.
With having a child you will need to have a Specific POA to talk to Personnel/IPAC and have the child entered as his. It will be beyond Tricare itself. He doesn’t get any more money for having a child unless you are at an Overseas location where he gets OCONUS COLA for all of you. That is the only time it would make a difference in how many dependents there is.
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