From The Mailbag: Roth TSP and CZTE

November 18, 2014 | Kate Horrell

We've discovered that there are more details and some confusing things involved in annual addition limit contributions made with CZTE.  If you are planning a contribution strategy, be sure to read … [Read more...]

Bonus Repayment Gets Messy

November 05, 2014 | Kate Horrell

Every once in a while, a military member receives a bonus and then has to repay it, usually because they didn't fulfill the terms of the bonus agreement.  And because taxes have already been taken … [Read more...]

Establishing and Maintaining Domicile

July 28, 2014 | Kate Horrell

Domicile is a complicated issue.  My post on Domicile and Residence, a MSRRA Issue, has remained popular in the four years since I've written it, and it continue to receive comments and questions. … [Read more...]

Mid-Year Financial Review: Taxes

July 11, 2014 | Kate Horrell

You know how I like to review my family's finances each new year?  Well, I also like to do a little mid-year review, and look over various aspects of our financial situation.  The primary purpose is … [Read more...]

Rental Cars and Foolish Fees: Insurance

June 28, 2014 | Kate Horrell

Yesterday, we talked about the various extras that rental car companies offer to you.  They also have a wide variety of insurances that they'll offer.  However, you may already have the coverage you … [Read more...]

Take Advantage of the Saver’s Credit

May 02, 2014 | Kate Horrell

Looking for a way to boost your retirement savings and decrease your taxes?  The Saver's Credit is the perfect tool for you, if you make less than $30,000 (single), $60,000 (married filing jointly), … [Read more...]

How To Read Your W-2

January 31, 2014 | Kate Horrell
W-2 without identifying information

W-2 Wage and Tax Statements are out for 2013, and you may be wondering what all those numbers really mean.  Let's see if I can help.  (Click on the image to make it bigger.)   First, … [Read more...]

Deducting Military Job Related Expenses

January 21, 2014 | Kate Horrell

It's tax time, and with tax time comes questions about deducting job related expenses from your tax return.  I've written specifically about uniforms in the past, but today's question is more broad. … [Read more...]

2014 Retirement Contribution Limits

December 04, 2013 | Kate Horrell

Planning for 2014?  Then you will want to know that the contribution limits for Thrift Savings Plan (TSP) and Individual Retirement Arrangement (IRA) account has not changed from the 2013 … [Read more...]

Time To Do A Tax Checkup

December 02, 2013 | Kate Horrell

Tax filing doesn't begin until January 2014, but there are things you should do today to make sure that next year's tax season doesn't bring any surprises. Retirement Contributions First, make sure … [Read more...]

Leaving California? Tell The DMV

September 23, 2013 | Kate Horrell

I recently heard about a ridiculous practice carried out by the State of California.  Apparently, if have a motor vehicle registered and move out-of-state, you have the obligation to let the … [Read more...]

2012 Tax Extension Deadline Soon

September 18, 2013 | Kate Horrell

If you filed for an extension of time to prepared your 2012 federal income tax return, your return is due by Tuesday, 15 October 2013.  Each year, thousands of Americans utilize the Application for … [Read more...]

How To File For A Tax Extension

April 15, 2013 | Kate Horrell

It is the 15th of April, and for most people, income tax returns and payments are due today.  If you're not going to be done, it is better to file for a tax extension than to rush through and make … [Read more...]

Mail Call: Tax-Exempt Income and W-2s

February 16, 2013 | Kate Horrell

W-2 tax statements can be confusing, especially if you don't print out the back side that explains what all the boxes and codes mean.  And you can't possibly prepare your tax return correctly … [Read more...]