Owning a rental property is a fantastic way to boost your income and secure your financial landscape. You’ll also have a golden opportunity for some serious tax breaks. Rental properties – both full time, part time, and vacation homes –...
The deadline to appeal property taxes is in September in many areas. With the decline in property values, it may be worth appealing your property tax value to make sure you are paying the correct property tax amount. You may be able to save money. Column Five’s, Josh Ritchie gives us details on how frequency of use of second properties may impact how you report property taxes.
When you purchase a home with the intention of generating rental income, the IRS treats it more like a business or investment than a personal residence. The tax law permits you to claim tax deductions for the expenses that relate to this investment property.
When you bought a car, house, or a motorcycle have you ever thought of the taxes you’ll be paying on it for years? With the exception of homes, many don’t think about personal property taxes, but it’s something to budget for when it comes to taxes.