How To Identify Tricare On Tax Forms

January 23, 2015 | Kate Horrell
1040EZ Snip

Ever since my colleague Amy Bushatz wrote about Tricare users needing to tick the correct box on their 2014 federal income tax forms to reflect that fact that they have Tricare health insurance, her … [Read more...]

Free Tax Help For Military

January 16, 2015 | Kate Horrell

A recent article about the decreasing features in the popular TurboTax tax preparation software reminded me to make sure you all know about the free options for military families to file their income … [Read more...]

Wait For Your W-2 Before You File

December 30, 2014 | Kate Horrell

Now that December 2014 Leave and Earnings Statements (LES) have been posted, I know a lot of people are anxious to file their 2014 federal tax returns.  I understand your enthusiasm.  If you're … [Read more...]

From The Mailbag: Roth TSP and CZTE

November 18, 2014 | Kate Horrell

UPDATE:  After a lot of research and discussion, here is the situation as best as my financial expert friends and I can figure. Adding to retirement accounts while in an area designated as Combat … [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...]