If your motivations are purely financial, be sure to know your numbers beforehand. If your reasons have everything to do with how your personal items are handled and stored or time constraints, then a PPM might be worth it even at a loss. Moving is a stressful experience by itself, so it’s important to determine beforehand why you’re considering a PPM move. Here is a list of what’s authorized and what isn’t: Authorized Expenses Operating expenses are goods that service members pay for that lower their taxable income. You’ll also want to be aware of what operating expenses you can claim on your tax returns. The military will automatically withhold approximately 22 percent of your profits and send you a W2 to file with your tax returns. Keep in mind that if you come out at a profit, whatever you “pocket” is considered taxable income. If X is a positive number – great! If X is a negative number, you might want to reconsider doing a PPM move based on your reasons for moving yourself. X = The amount you will make once the move has completed. Moving Expenses = This amount includes how much you’ll spend to actually complete the move and includes cost of gas, furniture pads, boxes, hired labor, etc.
You can also utilize this Personally Procured Move Estimator to estimate how much the military will pay you to move yourself. This number will be provided to you when you fill out your paperwork with your installation’s travel office. Reimbursement Amount = The amount you will receive before any expenses determined by the weight of your goods and the distance to your next duty station. Reimbursement Amount – Moving Expenses = X (Profit or Loss) Here is a simple way to determine whether or not moving yourself will prove profitable: Ask around and you’ll hear tales of some service members making thousands of dollars from a PPM. If you spend less than the amount you received, you are not obligated to return what you did not spend. If you opt for a PPM, the government will pay you 95 percent of what it would cost for a GPM, in addition to the standard travel allowances for your family. A PPM allows you to have complete control over the process including packing your own household goods and choosing which moving company you want to use (if any), but it also gives you more time to complete the move – an added benefit if you’ve received last minute orders and are unable to schedule a military moving company within a short turnaround.īut, the number one reason many military families choose to utilize a PPM is the potential to make money.
Veterans ID on Driver’s License or ID Card by StateĪ Personally Procured Move (PPM), formerly known as a DITY Move, has a few benefits over a Government Procured Move (GPM).
Monthly Housing Allowance (MHA) for the GI Bill.Military Spouse Career Advancement Accounts (M圜AA).Online Colleges with Military Discounts.Security Clearance Jobs After the Military.Veterans Employment and Training Service (VETS).10 Veterans Benefits You May Not Know About.Veteran & Military Cell Phone Discounts.