Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why is the CONUS COLA taxed while overseas COLA is not?

Cola conus overseas TAXED
0
Posted

Why is the CONUS COLA taxed while overseas COLA is not?

0

Overseas COLA was implemented around 1947, prior to legislation requiring a tax on new allowances. Since 1986, all new allowance programs must be taxed. To offset this, CONUS COLA rates incorporate a 13% increase to cover the average income tax.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123