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...]

Retiree 1099R Tax Statements

January 26, 2013 | Kate Horrell

I get an amazing number of emails from retirees, asking me to send them their 1099R tax statements.  I wish I could do this for these readers, but I can not.  I am not affiliated with the Defense … [Read more...]

Tax Statements For Separated Troops

January 25, 2013 | Kate Horrell

I get a lot of questions from people who left the service and don't know how to access their W-2 tax statements.  Thankfully, it is not too hard. First, separated service members retain access to … [Read more...]

Free Tax Prep For Military

January 19, 2013 | Kate Horrell

. I suspect that this is a popular weekend for tax preparation.  The last of the wage W-2s will be out this week, with all W-2s issued by 31 January 2013.  Thankfully, most military folks don't … [Read more...]

Tax Filing Starts 30 January 2013

January 09, 2013 | Kate Horrell

. With a slew of last-minute tax changes to accommodate, the Internal Revenue Service (IRS) has moved it's anticipated opening of the tax filing season from 22 January 2013 to 30 January … [Read more...]

Another Day, Another New Tax Post

January 02, 2013 | Kate Horrell

Well, Congress has hammered out a deal, and there is some good news in it.   They've made solid changes to our tax situation, and so we have an idea of what our tax bills might look like this year. … [Read more...]

How Much Are YOUR Taxes Going Up?

December 28, 2012 | Kate Horrell

  As we get closer to the possible fiscal cliff, people are starting to seriously look at how the currently scheduled tax increases will affect their personal bottom line if Congress does not … [Read more...]