KateHorrell

Helping Military Families Make The Most of Their Money

10 Things To Know About Money and Deployment


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When people talk about deployment, one thing that often comes up is money. How do taxes work? How much do people spend on deployment? What do you do about the bills? What’s the best way to save? The answers to these questions are different for everyone, and many of them depend on the specifics of… | Read More…

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


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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…

Understanding The Military Spouses Residency Relief Act


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Update: The Veterans Benefit and Transition Act of 2018 has further amended the SCRA so that military spouses can use their active duty husband/wife’s state of legal residence for purposes of taxes and voting. The Military Spouses Residency Relief Act (MSRRA) is important law, but it is very misunderstood.  Passed in 2009, it actually amends… | Read More…

Understanding Depreciation Recapture Taxes on Rental Property


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My friend Forrest has shared his article about depreciation recapture: What Military Landlords Should Know About Section 1250 Depreciation.  Sometimes it’s helpful to hear things from two different voices 🙂 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, and you’re… | Read More…

Deployment and Medical Expenses – Should You Bunch Your Medical Spending?


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It’s December, and that means endless commercials reminding people to use their flexible spending account dollars before the end of the year.  The Department of Defense, unfortunately, still hasn’t implemented the flexible spending account that they were directed to create in the 2010 Defense Authorization Bill. If we don’t have flexible spending accounts, why should… | Read More…

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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.