Are you thinking of prepaying your mortgage? It might be a savvy move for some homeowners, but beefing up their loan payments just doesn't make sense for others. Here are the pros...
Posted by Taxes Made EZ Inc on 07/17/2020
Economic crises are not the only problem stimulated by the current COVID-19 pandemic, it also greatly affect the health-related issues. Because of unemployment, the following weeks...
Posted by Taxes Made EZ Inc on 06/23/2020
Losing your job can be a stressful and uncertain experience, especially when it comes to your finances. If you've taken out a 401(k) loan and suddenly find yourself laid off, you...
Posted by KLSM CPA Firm PLLC on 11/17/2023
Higher standard deduction comes with itemizing deduction. According to the IRS, the method reduces your federal income tax, which has dragged more than 30% of taxpayers to the itemizing...
Posted by KLSM CPA Firm PLLC on 03/14/2023
Buying a house can be very expensive. First is the down payment. Then there are closing costs, including appraisal, inspection, and title search fees. And once you own it, your expenses,...
Posted by CORE PERFORMANCE on 07/18/2022
While many people might not realize, there are amazing tax benefits of purchasing a house. Two significant advantages are the property tax deduction and the mortgage interest, which...
A lot of small businesses’ operations are conducted from a home office. As long as you use a designated room exclusively for business, it qualifies for some deductions, provided...
In filing your federal tax return, you can decide to go through the itemized deduction channel or standard deduction method. Standard deduction involves some values defined by Uncle...
The sale of any property and foreclosure is treated the same way by Uncle Sam. Since the property was transferred to another person, there could be taxes on such a property. This is...