Taxes

Don't Put All Your Eggs In One Tax Basket

Putting Your Eggs In Different Tax Baskets

If you’ve even dipped your toes into the water of “financial advice” you’ve heard this one before: don’t put all your eggs in one basket….


How Much Does Your Job Really Pay?

Adding income is a great way to improve your financial situation. And working as an independent contractor is a popular option for military spouses.  Many…




Military Extension for Capital Gains Exclusion

From The Mailbag: Capital Gains Math

Updated on 12 July 2017 to include information about how retirement impacts the military extension.  Thank you to my friend and smart money guy Forrest…



What's the difference between a tax refund and a tax return?

Tax Return vs. Tax Refund

It’s income tax season, and people are looking for answers.  Frequently, they turn to social media, particularly Facebook.  I feel like I have spent all…



free tax filing for military

Free Tax Filing for Military Program Open Now

For the complete list of free and discounted tax options for military families, see the Military.com Discount Center’s article, Free and Discounted Tax Preparation for…


How To Report Tricare On Your Tax Return

How To Report Tricare on Your Tax Return

Tax season is here, and people are wondering how to report Tricare health coverage on a federal income tax return.  The Affordable Care Act (ACA),…




2017 Taxes

Wait For Tax Statements Before You File

Now that we’re into 2017,  many people are ready to file their 2016 income tax returns.  It’s fun if you’ve had too much withheld and…



A year-end review will set you up for financial success in 2017.

The Year-End Review: Put A Bow On It!

Another year is almost in the books and it’s been a wild one.  Mother Nature left no doubt about who’s in charge, the election, and…


3 Things To check On Your LES Every Month

3 Things To Check on Your LES Every Month

The military’s version of a “paycheck stub” is the Leave and Earnings Statement (LES).  LES are issued at the end of every month, usually about…


Adjust your Tax Withholding to avoid overpayment

Adjust Your Tax Withholding, Says The IRS

There are a lot of different philosophies about income tax withholding.  Some people challenge themselves to get their withholding close to their actual tax liability, so…


You Should Understand Your Tax Situation

Understanding Your Tax Situation

Almost every day, I talk to someone who says something like, “I don’t know how that works,” regarding their federal income taxes.  Now, I’m not…



Active Duty Taxes

From The Mailbag: Active Duty Taxes

There are so many things to learn when you enter the military, and it seems like a lot of stuff doesn’t get covered in the…