A homeowner’s tax saving benefit is generally realized when they file their federal income tax return after the money has…
Taxes
Homeowners can raise the basis or cost in their home by money spent on capital improvements. The benefit is that…
Sometimes, there are costs associated with not taking a particular action. If a person left their money in a certificate…
Most taxpayers know that they will pay a 10% penalty if they withdraw funds from their IRA before they turn…
There is a significant difference in how the money you spend on your home is treated for income tax…
Section 1031 exchange for rental and investment real estate is a tool that allows investors to move the gain from…
The IRS allows taxpayers the option to take the standard deduction or the itemized deduction. The astute taxpayer will compare…
Prepaid interest, sometimes called “points”, is generally tax deductible when a person pays them in connection with buying, building or…