It is a sad reality for many people that they will have to let go a particular percentage of their income to Uncle Sam. While there is nothing much we can do about that, the right...
Property taxes are taxes the government levy on real estate, usually at the federal, state, and local levels. It is one of the oldest and earliest forms of taxation that have existed...
Posted by Aurelia E Weems CPA on 02/12/2021
You might have a home where you stay for some time in a year while you rent it for the other part of the year. Doing this means you have to prorate the incurred expenses between rental...
The First-Time Home Buyers Tax Credit was introduced during the 2008 financial crisis to make home shopping more affordable for Americans. While there are many other mortgage and loan...
What is a mortgage interest deduction?Buying a home is a proven way to build wealth; you will accumulate equity as you pay off the loan, and the home's value increases.But there...
Posted by International Tax Consultants, LLC on 01/20/2021
Everyone dreams of owning a home, especially if they’ve got a family. This explains why a mortgage is the most significant financial transaction most people undergo in their...
Small Office Home Office (SOHO), a term used to distinguish between small, medium, and large businesses. Technically, SOHO companies have between zero and ten employees, although many...
Using a section of your home for business makes you qualify for some deductions, which Uncle Sam calls the "business use of your home." As long as one meets all the requirements,...
If you recently installed energy efficiency upgrades in your home, such as solar panels, you can get a credit for your investment. Two energy tax credits are currently available for...