A rental property can be an excellent source of income and also offers attractive tax benefits.By making deductions for rental costs, you can reduce the amount owed to the IRS each...
Posted by The TaxAdvocate Group, LLC on 08/06/2021
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...
Posted by Karen Munoz, EA on 05/19/2021
Many landlords pay more tax on their properties than they should. This is because they are ignorant of the several tax advantages and benefits of becoming a landlord. More than any...
Posted by Rosovich & Associates, Inc. on 04/06/2021
The 2017 TCJA amended many rules relating to mortgage deductions and refinancing. Understanding the new tax laws can help you reduce your tax burden after refinancing. We'll discuss...
Posted by Unifirst Financial & Tax Consultants on 02/04/2021
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...
Posted by Income Taxes and Bookkeeping LLC on 01/20/2021
Many taxpayers do not like taking the home office deduction because they fear they might raise some eyebrow from the IRS. Sadly, this is true, especially if you take excessively large...
Posted by Taxes Made EZ Inc on 08/30/2020
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...
Posted by Stevenson Tax and Accounting, Inc. on 02/11/2021
Come tax season, your ultimate goal when it comes to filing your return is to maximize your tax savings. There are several ways to do this both throughout the year with investment...
Posted by Accurate Books And Tax on 12/03/2020
For everyone buying a home via financing, the mortgage interest rate has a huge impact. Mortgage borrowers, however, are interested in the lowest rate possible. Yet, money lenders...
Posted by Elliot Kravitz, ATP on 09/18/2020
