Military and Family Readiness Center

Team Lead:
Andrew Richard
Office: (802)-338-3076

Family Assistance Centers Feature Story

Repayment Period Extended

By andrew richard | Jan. 29, 2021

2021 is well underway!

Although it is a new year, the Vermont National Guard continues our mission. As we are all aware, 2021 will see many comings and goings. The Military and Family Readiness team salutes all service members stateside, those preparing for a deployment, and those returning to the Green Mountain State. By now, W2s have been sent out by your employer and it is a good time to check for these and all other tax documents to ensure filing on time this year. Also, for those service members and federal employees that had Social Security taxes deferred from September to December 2020, it is now time for the repayment to start. The good news is that the repayment period has been extended to December 2021. The balance due will be collected from your wages in 24 installments between pay periods ending, January 16 and December 4, 2021. You will be able to track the amount collected in each pay period as well as the remaining balance due in the remarks section of your “MyPay” LES.

Now, more than ever, is a time for a solid financial foundation and plan-especially if your soldier is deploying. As the holiday expenses arrive and taxes will be due, we begin to look to spring and all of the beauty it brings. The Military and Family Readiness team want to remind you we are here to serve you, and help you balance your military career and civilian lives at every turn. Do not hesitate to reach out to YOUR Military and Family Readiness Specialist for support!

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