Financial Perks of Deployment?

Hi everyone, having looked into the military as a career possibility after graduation, I was confronted with a question I couldn't find a clear answer to. Does anyone know if getting deployed carries any financial advantages? Like, do soldiers receive an extra pay for being deployed? I know the military is about service not money, but I'm just trying to understand all aspects. Thanks, folks!

Hello! You're right in your approach to understanding all aspects of military service, including financial implications, as it can greatly factor into your decision. Generally, yes, there are financial advantages associated with deployment for military personnel. Here are some perks:

1. Hazardous Duty Incentive Pay: As implied, this is paid to military personnel who are assigned to hazardous duties such as airborne operations, handling explosives, or demolition.

2. Hardship Duty Pay: This is meant to compensate for any unusually difficult living conditions or assignments.

3. Combat Zone Tax Exclusion: If you're serving in a designated combat zone, your military pay for that period is exempt from federal income tax. This can significantly increase your take-home income during the period of deployment.

4. Family Separation Allowance: If service members are forced to be away from their dependents due to military orders, they may be entitled to this allowance.

5. Savings Deposit Program: For those deployed in designated combat zones, you can participate in this program that offers up to a 10% return annually on deposits.

6. Special Pay: Depending upon your job or assignment while deployed, you may be eligible for special pay. This extra pay may be for pilots, doctors, dentists, and others.

All of these financial advantages can vary significantly based on your rank, the nature of your assignment, and other factors. Please consult with a military recruiter or a career counselor to get a more customized understanding. Remember, while the financial aspects are certainly important, choosing a career in the military should also heavily weigh on your passion for service and ability to handle the inherent challenges and risks.