Your Home Sale and Capital Gains Let’s start with the basics: What is capital gains tax? It is a type of tax on profits earned from the sale of assets like stock or real estate. When these are sold...
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Home Improvement Energy Tax Credits When you replace old doors and windows, install solar panels, or upgrade a hot water heater, you reduce your energy bills. But the cost of making these energy-efficient improvements can be daunting. That’s where...
Rent-To-Own: How To Do It Owning a home is not the right choice for everyone. Do you like a maintenance-free lifestyle and enjoy the freedom of moving around the country? Then renting might be the smarter choice. But owning...
Tax Benefits for Homeowners What tax deductions, programs and housing allowances are available to you as a homeowner? Let’s explore a few options that the IRS makes available. If you have a mortgage, you may deduct the interest paid,...
Freelancers Versus Employees: Which Should You Hire? Three different controls distinguish employees from independent contractors: contractual, financial and behavioral. In these categories, the core differences include: When does hiring an independent contractor work best? Hiring freelancers has advantages and...
Falling Interest Rates: How They Can Help and Hurt Your Finances The Fed’s big move Many economists were waiting for the Fed’s interest rate cut in September. It was the first time the Fed lowered its benchmark interest rate...
Employers’ Responsibilities Under the SECURE 2.0 Act The SECURE 2.0 Act aims to expand the ease of saving for retirement, to simplify the management of retirement plans, and in general to improve financial security for American workers and retirees....
Depreciation: An Overview for Business Owners A business asset is property you acquire to help produce income for your company. This can be durable equipment from computers to office furniture to tractors. Depreciation is a way of allocating the...
High-Income Tax Schemes You Should Watch Out For Taxes are an inherent part of making money in the United States, and most taxpayers are aware of their tax-related responsibilities — whether they work for an employer or themselves. However,...
Tax Implications of Crowdfunding Crowdfunding is a method used to raise money through websites by soliciting contributions from numerous people. Contributions may be solicited to fund businesses or projects, for charitable donations or for private gifts. The contributions are...