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Kate Rants: It’s Not About The Refund or Owing More Taxes

8 March 2022

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

Oh, my goodness. You spend 2 minutes communicating with anyone lately, whether in person, on the phone, via owl, or on the internet, and the talk turns to income taxes. Everyone has a story this year, and they want to share. It’s not surprising; between the changes to withholding last year, and the child tax… | Read More…

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Filed Under: Taxes Tagged With: refund, tax

How To File For An Income Tax Extension, Military-Style

10 January 2022

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

Get a simple, free tax extension to get more time to file your federal tax return. The deadline to file your federal income tax returns is Monday, 18 April 2022. Each year, more than 10 million Americans aren’t ready to submit their returns on that date. By filing for the automatic tax extension, you will… | Read More…

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Filed Under: Taxes Tagged With: combat zone, military, overseas, tax extension

Social Security Tax Repayment: What To Do With A Corrected W-2

28 December 2021

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

Most military service members are finishing up the Social Security tax repayment from the deferral that happened in the last part of 2020. This will be a change in your paycheck and you may get a corrected 2020 W-2. What Were The Deferral and Repayment? From September through December of 2020, Social Security taxes were… | Read More…

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Filed Under: Pay, Taxes Tagged With: deferral, social security, taxes, w-2

Tax Returns: When One State Isn’t Enough

7 October 2021

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

My friend Jerry Zeigler is always helping me out with tax questions, and he’s graciously shared this information about how and when military service members and their spouses may need to file tax returns in multiple states. We definitely did this wrong for a few years, and it cost us money in the long run…… | Read More…

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Filed Under: Taxes

Financial Advice for New Military Spouses (and the rest of us)

31 August 2021

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

Occasionally, I’m fortunate enough to get to talk to some new, or new-ish, military spouses.  There’s so much to know about money in general, and money and the military can be particularly tricky.  I usually have a limited amount of time, and I struggle to decide on the most important topics to discuss.  I want… | Read More…

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Filed Under: Spouse Careers, Taxes Tagged With: military, new, spouse

Income Taxes After Military Retirement: Don’t Get Stuck With A Huge Bill

20 May 2021

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

There’s a rumor floating around that somehow your taxes are going to zoom up after you retire from the military. As with many rumors, there is a bit of truth in it, but there’s also just a lot of confusion. It is true that some military families end up with large tax bills in their… | Read More…

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Filed Under: Retirement, Taxes Tagged With: military, retirement, taxes

Home of Record and State of Legal Residence: Things You Need To Know

3 March 2021

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

The military can be confusing, with all its special terms and acronyms. One of the terms most often mis-used is home of record. The term comes up in questions about taxes and driver’s licenses and final moves. On rare occasion, when talking about final moves, it’s being used properly. The other 99.9% of the time,… | Read More…

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Filed Under: Spouse Careers, Spouses, Taxes Tagged With: legal residence, msrra, SCRA, taxes

How Income Taxes Work – Even If You’re Not A Tax Person

23 February 2021

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

Income taxes can be difficult. There are literally thousands of pages of laws, and hundreds of different forms that some people have to use to file their income tax return. However, the basic system isn’t really that complicated. Understanding the basics of how income taxes work is a key step in making sure that you… | Read More…

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Filed Under: Taxes Tagged With: taxes

What Military Moving Expenses are Tax-Deductible?

21 January 2021

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

PCS moves are expensive.  Even with all the allowances, you’ll sometimes have some out-of-pocket expenses, especially if you have pets.  Thankfully, unreimbursed moving expenses can be deducted from your income taxes, and they’re a most valuable type of deduction. Disclaimer: No article can address every specific tax situation. Do not make any decisions based solely… | Read More…

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Filed Under: Moving, Taxes

Taxes on Military Bonuses: How and Why

30 August 2020

This post may contain affiliate links, from which I may earn revenue to support this free site. All opinions are my own, and I only promote products that I use and love!

How do you figure taxes on military bonuses?

I’ve noticed a lot of cfrustration about taxes on military bonuses.  That’s not surprising, because it IS frustrating if you don’t understand what’s going on, but it doesn’t have to be too hard to understand. First, you have to have a firm grasp on how income taxes work.  If you are not sure, then read… | Read More…

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Filed Under: Taxes

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WELCOME!

Hi! I'm Kate! Accredited Financial Counselor®, Navy spouse, and mom of four.

Here at the blog, I talk about the financial issues that affect military families - pay, allowances, and benefits. Plus college stuff, landlording, moving, taxes. We cover a little bit of everything.

My goal is to give you the tools to make the best decisions right now, so you'll be confidently prepared for whatever comes next - whether that's a PCS move, transition to civilian life, or retirement.

So grab a cup of coffee, tea, or whatever makes you happy, and let's get to know each other.

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This site does contain advertising and affiliate links. If you click on an advertisement or link, I may be compensated. I only promote companies that I love and trust. Kings High Media/KateHorrell.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com

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.

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