When it comes to taxes every year, many homeowners like you seek tax breaks. Fortunately, many homeowner tax deductions can add up to several thousand dollars.Consider your household...
Posted by Dennis Jao on 09/18/2022
You've probably heard somewhere that buying multiple properties is a surefire way to become a millionaire. While owning a rental property is indeed a way to start the process of...
Posted by Abundant Wealth Planning LLC on 07/18/2022
Many people are looking to earn extra money by renting out a room in their homes. When it comes to taxes, this is both good news and bad news.The good news is that your rental income...
Posted by Pat Raskob on 05/27/2022
Income tax is paid on earned income, interest, dividends, royalties, or self-employment in the form of services, money, or goods. Capital gains tax is paid on income from the sale...
Posted by KLSM CPA Firm PLLC on 04/17/2022
Owning a home is still an integral part of the American Dream, but it can be costly to achieve that dream, let alone keep it alive. According to a study, it takes an average of $40,224...
Posted by Rosovich & Associates, Inc. on 04/09/2022
An abatement is simply a deduction/reduction or, in some cases, an exemption in the taxation level allocated to an individual or organization. Some examples of abatement include; a...
Posted by KLSM CPA Firm PLLC on 03/24/2022
Property taxes are a recurring expense that many homeowners need to be prepared for. To determine how much you owe, the local authorities will conduct a property tax assessment.Here's...
Posted by Abundant Wealth Planning LLC on 08/24/2021
When it comes to buying and selling a car, cutting out the middleman has many advantages. Buying a car from a private seller usually comes at a lower price. Selling one will make you...
Posted by Abundant Wealth Planning LLC on 07/31/2021
Tax deferral involves taking a deduction and moving it to a previous year or deferring part of your income to a later year. You are not reducing your overall taxes but getting a benefit...
Posted by Abundant Wealth Planning LLC on 07/24/2021
