Last year, we hired a contractor to help us tackle a big home renovation project. Since I’m self-employed and my husband works from home a few days a week, having a dedicated space for us to work became a necessity....
When you own a second home, some tax rules are similar to the ones relating to your first home. However, let’s discuss how to benefit from the tax rules once you start renting that second home. Every year we rent...
At last, the sun is shining, the birds are chirping and it’s time to kick back and enjoy the summer. But wait, do you cringe every time you look around your home and backyard? Are the turquoise and pink décor...
Are there moving boxes in your future? Summer is a popular time to move and many are moving miles away to take a new job. If that’s you, congratulations on embarking on your new adventure! Here are a few things...
The article below is up to date based on the latest tax laws. It is accurate for your 2018 taxes, which you will file by the April 15, 2019 deadline. Learn more about tax reform here. The new year has just...
As Airbnb’s popularity continues to rise, more and more people renting out their homes and learning about the tax implications that come with it. When you offer your home, or a room in your home, as a short-term rental, you may be...
Wouldn’t it be great if your home was working while you were on vacation? Well, that’s essentially what happens when you rent out your apartment on Airbnb and other similar services. Rental income is not considered to be earned income...
Q: Earlier this year, the bank foreclosed on my home. How do I report this on my taxes? A: Unfortunately financial crisis can happen in your life that can’t be avoided, but if you experienced a foreclosure, short sale, or...
If you are looking for a new home this summer, or renovating your old one and replacing appliances, you will want to read this blog before you get too far into your project. That’s because there are loads of tax...
Last year, we hired a contractor to help us tackle a big home renovation project. Since I’m self-employed and my husband works from home a few days a week, having a dedicated space for us to work became a necessity.... 
