25 April 2022 19:21

What does DFAS stand for?

Defense Finance and Accounting ServiceDefense Finance and Accounting Service (DFAS), an agency under the Department of Defense (DoD). We are a payment agency. R&A Pay establishes, maintains and pays military retirees and their eligible surviving spouses and other family members.

What is DFAS in military?

Defense Finance Accounting Service (DFAS)

What are DFAS payments?

DFAS R&A Pay is primarily a payroll office. We establish and maintain military retired pay, annuity accounts, and issue monthly payments to both military retirees and their eligible survivors, including the following: Regular and Reserve Retirement payments. Temporary and Permanent Disability Retirement payments.

What does DFAS stand for in government?

Defense Finance and Accounting Service

Agency overview
Employees >12,000
Agency executives ~ Audrey Davis, Director ~ Jonathan Witter, Principal Deputy Director ~ Aaron Gillison, Deputy Director, Operations Deputy Director, Strategy and Support
Parent department Department of Defense
Website www.dfas.mil

What is the role of DFAS?

The DFAS mission is to direct, approve, and perform finance and accounting activities for DoD. DFAS pays all DoD military and civilian personnel, retirees and annuitants, civilian employees of various federal agencies, major DoD contractors and vendors, and delivers accounting reports and financial information.

Who runs DFAS?

Audrey Y. Davis was appointed the Director of the Defense Finance and Accounting Service (DFAS) on June 21, 2020. Ms. Davis leads the day-to-day accounting and finance activities of the Department of Defense (DoD).

How is DFAS funded?

DFAS is financed as a Working Capital Fund, obtaining revenue by charging its customers for the services it provides rather than being funded through direct appropriations.

What is a DFAS myPay account?

myPay allows you to print and save Leave and Earnings Statements (LES) to your computer. We have provided instructions explaining the steps necessary to print and save the LES without the use of a mouse.

What time does DFAS deposit pay?

Exactly what time will my DFAS direct deposit pay appear in my AFB bank account? We process DFAS direct deposits during nightly processing. Your pay will be available at the start of business one business day before the actual pay date.

Is military retirement taxable?

Military retirement pay based on age or length of service is considered taxable income for Federal income taxes. However, military disability retirement pay and Veterans’ benefits, including service-connected disability pension payments, may be partially or fully excluded from taxable income.

Who created DFAS?

Defense Dick Cheney

In 2007, DCAA audited $358 billion in contracts and saved the Department $2.4 billion. In 1991, Secretary of Defense Dick Cheney created the Defense Finance and Accounting Service (DFAS) to consolidate finance and accounting operations, reduce costs, and strengthen financial management.

Is DFAS part of the DoD?

DFAS operations are subject to oversight by DoD as well as the executive and legislative branches of the federal government. DFAS pays all DoD military and civilian personnel, retirees and annuitants, as well as major DoD contractors and vendors.

What is DFAS Cleveland deposit?

With direct deposit, DFAS sends your payment straight to your bank account. Direct deposit gives you immediate access to your money on pay day, and it helps eliminate the risk of lost or stolen checks, forged signatures and identity theft.

What does DFAS Cleveland stand for?

Retired and Annuitant (R&A) Pay is part of the Defense Finance and Accounting Service (DFAS), an agency under the Department of Defense (DoD). We are a payment agency. R&A Pay establishes, maintains and pays military retirees and their eligible surviving spouses and other family members.

Can retired military buy back time?

Federal law prohibits retired active duty military members from buying back their military time and adding it to their FERS pension (this is because they are already receiving compensation for their military retirement).

What is the address of DFAS?

Mail

For retirees: For annuitants, beneficiaries and survivors:
Defense Finance and Accounting Service U.S. Military Retired Pay 8899 E 56th Street Indianapolis, IN 46249-1200 Defense Finance and Accounting Service U.S. Military Annuitant Pay 8899 E 56th Street Indianapolis, IN 46249-1300

How do you contact DFAS?

If your local payroll or finance office is unable to resolve your financial matter(s), please contact the DFAS Customer Care Center by Submitting a Ticket Online at AskDFAS (https://www.dfas.mil/dfas/AskDFAS/) or by calling toll free at (888) 332-7411.

How do I request an old civilian Les from DFAS?

For copies of an LES greater than one year old, call 888-332-7411 and choose option #2. To send your request via e-mail, please click on the askDFAS icon located in the top right hand corner of the www.dfas.mil home page. Reserve Navy Service Members: Your LES’s for the past 13 months are available on myPay.

Where can I find DFAS company code?

There will be a six digit code here that designates the payment office. To determine what the payment office code means, go to https://www.dfas.mil/dfas/contractorsvendors/dodaacsvc to find the payment location for your Department of Defense Activity Address Code (DoDAAC).

What is my pay phone number?

888-332-7411

If you have trouble, call myPay at 888-332-7411 to speak to a Customer Service Representative.

What is DFAS federal ID number?

DFAS will not accept computer-generated requests for pay histories. All computer-generated requests will be destroyed. Army (Active Duty FEIN is 359990000 and Reserve Duty FEIN is 351819323), Air Force (Active Duty FEIN is 849990000 and Reserve Duty FEIN is 849980000).

Do you pay taxes on DFAS?

Yes. With only a few exceptions, civilian relocation expenses paid by your employer, either directly to you or to a vendor on your behalf, are taxable income. Taxes will be withheld as required on reimbursements made directly to you.

Is DFAS a qualified plan?

A military retirement (DFAS 1099-R) is a non-qualified plan. It makes no difference who is receiving the benefits (payments) from that retirement plan.

Is DFAS pension taxable?

A Payments you receive as a member of a military service generally are taxed as wages except for retirement pay, which is taxed as a pension. If your retirement pay is based on age or length of service, it is taxable and must be included in your income as a pension on lines 5a and 5b of Form 1040 or Form 1040-SR.

What happens to military retirement at age 65?

Once you reach age 65 you are no longer eligible for those programs, you can then purchase Medicare and TRICARE for Life. If you retire from the National Guard or Reserves you can purchase Tricare Retired Reserve until age 60. At that time you can purchase either Tricare Prime, or Select.

How much is military pension taxed?

1. California

The Golden State taxes 100% of a resident’s income from military pensions, along with private, local, state, and other federal pensions. This applies to all military pension income received while a retiree is a California resident, regardless of where he or she was stationed while on active duty.