When it comes to tax time, homeowners are always looking for ways to reduce their tax burden. Luckily, many tax deductions available for homeowners can result in significant savings.Before...
Posted by Rosovich & Associates, Inc. on 02/22/2023
Home sellers may hear the term "adjusted basis" during the sales process. In the world of real estate, this term is related to the sale of real estate: when you sell your...
Posted by Taxes Made EZ Inc on 02/17/2023
The SECURE Act, passed in late 2019, changed the rules for saving and withdrawing money from retirement accounts. Also, it was the first major legislative change to tax laws in more...
Posted by Pat Raskob on 12/08/2022
Some expenses can still be deducted due to the tax reform that happened in 2018. A detailed list of employee expenses that have been suspended as employee tax deductions, some until...
Posted by Rosovich & Associates, Inc. on 12/08/2022
The cost basis in real estate can significantly impact your tax liability. If you're buying a property, understanding the cost basis in advance can help you prepare for the possible...
Posted by Tiffany Gaskin on 10/26/2022
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
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
