Want to slash your utility bills by thousands of dollars? Then a solar water-heating and/or solar electric system might be perfect for you. And best of all, Uncle Sam can help pay for your system by providing you with a 30 percent tax credit! Want to find out how to turn sunshine into cash? Read my new article titled Tax Tips: Secrets of Collecting Residential Solar Tax … [Read more...]
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Unlock the power of a Section 105 plan!
Sure. Health insurance premiums are sky high. But if you have a properly planned and executed Section 105 plan, you don’t have to worry. You see, this plan works like magic, turning your medical expenses into tax-favored business deductions that save on both income and self-employment taxes. You’ll get all the details when you read my new article titled Tax Tips: Make … [Read more...]
When you can (and can’t!) deduct mortgage insurance
The tax law used to help a lot of people by letting them deduct the cost of mortgage insurance. But times change, and in 2013 many of these deductions were no longer allowed. How does the current law treat deductions for government or private mortgage insurance on homes, rentals, and home-offices? You’ll find out when you read my new article titled Tax Tips: When You Can … [Read more...]
Three great ways to escape the 3.8% Obamacare tax
Do you own rental property? If you do, I’ve got some good news for you… The IRS just released new safe-harbor rules that make it easy for some owners of rental real estate to avoid the dreaded 3.8% Obamacare tax! How can you legally beat the Obamacare tax that applies to last year, this year, and future years? I’ll explain three nifty escape plans when you read my new … [Read more...]
Is there life for your Section 105 Plan (HRA) after Obamacare?
Well, 2014 is here. Which means the new Obamacare tax rules that apply to health reimbursement accounts (HRAs) like Section 105 medical reimbursement plans, are now in effect. IMPORTANT: There are huge changes in the law that you need to know about now. Do not wait to find out what Uncle Sam has in store for you! If you want to find out exactly where you stand, and how the … [Read more...]