Combat Zone

AAA

DEFINITION of 'Combat Zone'

An area designated as a war zone during a specified period. Members of the military do not need to claim taxable income they earn while working in a combat zone.

INVESTOPEDIA EXPLAINS 'Combat Zone'

Troops on active duty in a combat zone are also granted additional time to file taxes. Should they be injured carrying out their duties, any compensation they receive is protected under the combat zone tax break.

RELATED TERMS
  1. War Babies

    A name given to securities in companies that are defense contractors. ...
  2. War Bond

    Debt securities issued by a government for the purpose of financing ...
  3. Heroes Earned Retirement Opportunities ...

    Legislation passed by Congress on May 18, 2006, that allows tax-free ...
  4. Combat Pay

    A tax-free form of compensation paid to members of the armed ...
  5. Private Finance Initiative - PFI

    A method of providing funds for major capital investments where ...
  6. Financial Shenanigans

    Acts or actions designed to mask or misrepresent the true financial ...
Related Articles
  1. War's Influence On Wall Street
    Bonds & Fixed Income

    War's Influence On Wall Street

  2. Are there special benefits for U.S. ...
    Retirement

    Are there special benefits for U.S. ...

  3. The History Of Money: Currency Wars
    Forex Education

    The History Of Money: Currency Wars

  4. Benefits for Members of the Armed Forces
    Retirement

    Benefits for Members of the Armed Forces

comments powered by Disqus
Hot Definitions
  1. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  2. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  3. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  4. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  5. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  6. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
Trading Center