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 –...
March is the perfect time to think about going green and saving money with it being tax-time and daylight savings time, which means more daylight to do your taxes by without wasting energy and money. There are also more energy...
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.
With the last chance to appeal the assessed value of your home quickly approaching, we wanted to share our infographic that compares state-by-state property taxes, which is one of the largest home related expenses we pay and is hands down a significant revenue source for state and local governments.
I love where I live in North Carolina – the mountains and the beach are only a couple of hours away, depending on which direction you go. To have different landscapes and cities around definitely is a plus in my book. Sometimes though I wonder what it would be like if we moved back to the beach or if we tried out mountain living. I’m still trying to figure out where would be the ideal place.
Our property taxes for our town home are due by the end of December every year. We get a letter from our county and municipality during the summer to let us know what our tax obligation is. By having a portion of our mortgage payments allocated for the bill, we’re able to have it taken care of painlessly.
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.