Residence vs. Home of Record

February 27, 2015 | Kate Horrell

In talking with military families about taxes and residences and drivers' licenses, one little thing keeps coming up:  the misuse of the term home of record.  It probably isn't a big thing in the … [Read more...]

Help! I Did My Taxes Wrong!

February 23, 2015 | Kate Horrell

It happens to (almost) everyone eventually - you file your income tax return, and then realize that it's not quite right.   Don't fret! Filing an amended tax return isn't difficult, and it will … [Read more...]

Get A Replacement W-2 or 1099R

February 03, 2015 | Kate Horrell

If it's February, the most popular question here must be:  how do I get a replacement W-2 or 1099R?  The quickest way to access your military pay records and documents is always via the myPay … [Read more...]

One Year Exemption for Direct Care Recipients

January 28, 2015 | Kate Horrell

Along with the confusion about having to tick a box to indicate that you have "minimum essential coverage" because you have Tricare health insurance coverage, there is a very small sub-group that is … [Read more...]

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...]