2012 Payroll changes Published Jan. 10, 2012 GOODFELLOW AIR FORCE BASE, Texas-- -- The following changes to service members Leave and Earnings Statements should take place Jan. 15. 2012 Base Pay There is a 1.6 percent increase from 2011 rates. Rates are available at: http://www.dfas.mil/militarymembers/payentitlements/militarypaytables.html 2012 BAH Rates There is a nationwide average of 2% housing allowance increase for 2012. If there is a decrease for your specific grade and dependency status, you are automatically grandfathered. If you have an increase, it will automatically update to the higher rate. All BAH rates can be found at: http://www.defensetravel.dod.mil/perdiem/bah.html 2012 BAS Rates Officers: $239.96 Enlisted: $348.44 2012 Payroll Tax FICA-Social Security tax reduction, from the traditional 6.2% to 4.2%, has been extended until Feb. 28. This rate is reflected under the "Deductions" heading on your Leave and Earnings Statement. Thrift Savings Plan Contributions TSP Contribution Limits changes: The elective deferral limit for 2012 is $17,000. The total tax deferred and tax exempt limit is $50,000. The limit on catch up contributions is $5,500. For additional information visit https://www.tsp.gov/planparticipation/eligibility/contributionLimits.shtml W-2 Availability on MyPay - Civilians: Jan. 5 - Reserve: Jan. 6 - Savings Deposit Program 1099-INT: Jan. 21 - Active Duty: Jan. 24 - Travel (DITY Move): Jan. 31 Income Tax Filing Services Volunteer Income Tax Assistance program: 17th Training Wing Legal office will announce times and location. Military OneSource Free Electronic Tax Filing Service: Military OneSource will bring H&R Block At Home online tax filing, plus tax consultation by phone and is free to service members and spouses.
