KateHorrell

Helping Military and Veteran Families Be Confidently Prepared for The Next Stage of Life

Understanding Depreciation Recapture Taxes on Rental Property


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What the heck is depreciation recapture, or unrealized depreciation, or unrecaptured depreciation? You’ve owned a rental property for a few years, and it’s worked out pretty well. You’ve made a little bit of money most years. You’re looking forward to cashing out the profits! And then you get the tax bill. Oh my! You now… | Read More…

2026 Military Basic Allowance for Housing Rates


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2026 military basic allowance for housing rates are out! Go see! (iPhone users reading this on Facebook, you may need to open this page using the three dots instead of clicking through from Facebook. Not on an iPhone? Right-click, select “copy link address,” and put it into a new tab. I wish I could fix… | Read More…

How Much Should Military BAH Pay For?


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Years ago, someone at a spouse event brought up how military’s Basic Allowance for Housing doesn’t always cover the cost of housing. It’s true that a lot of military families spend more than their BAH on housing. I hear things like this all the time. Common phrases include: “I don’t know who makes up these… | Read More…

Capital Gains Rules for Military Families


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Note:  This is not professional tax advice. While I have confirmed this information with various professionals, do not take my word for it. Read the tax rules yourself (link at the bottom.) Then, consult with your tax professional to see how the rules apply to you. Capital Gains? What the heck are they, and when… | Read More…

How To Get A Refund Of The VA Home Loan Funding Fee


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Are you eligible to get a refund of the VA home loan funding fee? Home mortgages guaranteed by the Department of Veterans Affairs (VA) are a valuable benefit of military service. One characteristic of a VA-backed home loan is that you pay a funding fee when you get the loan. However, some folks are exempt… | Read More…

The Hidden Costs of Homebuying


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Homebuying costs are through the roof . (Ack, that was a bad pun) And that’s just the purchase price. Ask anyone who has bought a house, and they’ll pretty universally agree that buying a house is more expensive than it seems on the surface. And there are so many ways that you didn’t anticipate needing… | Read More…

Geobaching: When Military Members Live Away From Their Families


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Moving every few years comes with challenges, especially once a military member has a spouse and/or children. Sometimes, it makes sense for the service member to move to a new duty station while their family remains at the old duty station. Or sometimes the service member moves to one location and the family moves to… | Read More…

When Selling Your House At A Loss Is The Right Choice


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Considering selling your house at a loss? Even though that sounds awful, sometimes it’s the best path ahead. There’s a lot to think about.  Military families have unique challenges when they buy a house. The biggest challenge is what to do with the house when you receive PCS orders a few years (or months!) later…. | Read More…

Evacuation, Military Entitlements, and Insurance Coverage


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Every year, our country has emergency weather situations, and people have to make hard decisions. Military families wonder if they should evacuate . When and if the military or their insurance company will help with expenses may be part of that decision.  There are some times when the military will pay families to evacuate a… | Read More…

How To Budget With Overseas Housing Allowance


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When you live off-base at an overseas location, you receive an Overseas Housing Allowance. OHA pays for your rent (up to a limit) and also provides you with an allowance for your utilities. (Assuming you’re authorized to live off base. If the government expects you to live on-base or in the barracks, that’s an entirely… | Read More…

Confidently Prepared!™

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Disclaimer

Kate does not represent the Department of Defense, the Department of Veterans Affairs, or any government agency. This blog is strictly for informational and entertainment purposes only. The content on this site should not be considered professional financial or legal advice. I may receive compensation through affiliate or advertising relationships from products mentioned on this site. All reviews on this site represent the personal opinions of the author. All references to third party products, rates, and offers may change without notice.