Now we learn about Enrolling a teen in auto insurance. The Housing and Economic Recovery Act of 2008, H.R. 3221, was enacted in the law (Public Law 110-289) in July of this year in the office of President Bush. The legislation was enacted to allow homeowners to keep their homes as they are and provide first-time buyers with access to affordable housing.

Families of military members should be aware that the provisions contained in H.R. 3221 specifically affect servicemembers and veterans. The law:

  • The military housing allowances are not counted as income when service members attempt to get low-income housing.
  • The foreclosure protection is expanded for those who returned from deployment. Before this, they had 90 days of protection from foreclosure. This protection has been increased up to 9 months. The temporary protection ended on December 31st, 2010.
  • Give a temporary boost until the close of the year to the maximum amount of loan guarantee from the Department of Veteran Affairs (V.A.). Based on the median home prices in the area, The cap could go up to $720,750 or just as little as $417,000.
  • Make it mandatory for the Secretary of Defence to create an initiative to offer financial counselling for returning veterans, such as mortgage and credit counselling.
  • Give benefit for moving to military personnel who are forced to move out of their rental housing when the property landlord is foreclosed upon.
  • Grants for the most disabled vets by $50,000-$60,000.
  • Servicemembers who are disabled and on active duty due to medical reasons can receive a V.A. grant for home alternations before discharge.
  • Grants for specially adapted housing and aid to those suffering from severe burns and veterans living outside within the United States.
  • Allow veteran’s benefits that are received in lump sums to be considered monthly benefits to determine eligibility for Section 8 Housing assistance.
  • If you’re a two-car couple, adding a teenager driver to your vehicle will raise your insurance rates by an average of 58 %, and for a family with three cars, you’re expecting a rise of 62 percent.
  • Teen drivers make up the “riskiest” group of drivers to cover. Based on the Centers for Disease Control and Prevention, Drivers aged 15-19 tend to be four times more likely to crash than older drivers, which makes accidents in cars the number. Number one cause of death among teenagers.
  • Teens who have good accident histories will face the highest rates of car insurance for several years because of their lack of experience driving. When you reach the age of 25, rates tend to decrease, while middle-aged drivers get the best rates. However, it is not until 65 when rates begin to climb back up.

Reduced Car Insurance Premiums for Teenage Drivers

There are many ways to lower the cost of auto insurance for teenagers. However, purchasing an automobile for the teenager and then putting him on his insurance policy isn’t one of the options. The average annual cost for a teenager driver is $2,267. (This average is inclusive of all liability levels.) Compare that with an average increase of $621 when you add teens to parents’ insurance (which means you’ll be paying an extra 365 percent by placing the teen on his insurance.

Instead, you can compare insurance quotes from several companies.

If your teenager is a high GPA in school, inquire if the car insurance company provides discounts for students. If you’re considering adding a car to the household for your teenager to drive, search for a vehicle with security features that can lower car insurance rates, such as anti-theft devices and anti-lock brakes.

Enrolling a teen in auto insurance ,Insurance companies may provide discounts for your teenager if she attends certain classes for driver education or puts a device to monitor their driving inside the vehicle. However, the best way to reduce rates is to ensure that your child has an impeccable driving record.

A Servicemembers’ Civil Relief Act (SCRA)

offers taxpayers of the military relief from state income tax. The taxpayer is not taxed by different states or tax authorities when the person relocates to another state due to military service, thereby protecting the taxpayer from taxation double-dipping.

The Military Spouses Residence Relief Act of 2009 (MSRRA) was adopted to broaden the Servicemembers Civil Relief Act (SCRA), which exempted military members’ earnings and assets from taxation in a variety of states.

Under MSRRA, The spouse of a servicemember never loses or gains a status of residence or domicile for tax purposes (both property and income), provided that the spouse meets the following requirements:

The spouse accompanies the service member to an overseas duty station outside the home state to comply with military instructions;

The spouse is on duty only to be there with the servicemember. The spouse is not allowed to be with the servicemember.

The spouse lives in the same state as the military.  The three conditions are met, then the income earned by the spouse who isn’t a soldier when in the state of duty isn’t taxed in that state, though the income could be taxed in the state of residence of the spouse. In the same way, the spouse’s property isn’t tax-exempt in the state where the duty station is located.


Each state’s method of implementing the MSRRA will differ. The specifics of each state’s complying methods will be made public when it becomes available. But, the applicability of MSRRA to a specific taxpayer’s circumstances will be contingent on many factors. A tax professional must research the state where the taxpayer is based and state departments of revenue’s websites to find specific details on how states will be able to comply with the latest law.