I often get asked about the benefits, tax breaks, and financial pros and cons of owning a second home or a vacation home. Whether you already own a second residence or are considering purchasing one, there are several tax deductions that can make it more affordable. (After all, who doesn\’t dream of owning a summer …
Biden-Harris Student Debt Relief Update – Protect Yourself From Scams A Letter from the U.S. Department of Education As we prepare for the student debt relief application window to open later this month, the Department of Education is sharing critical information on how to protect yourself from scammers trying to take advantage of student loan …
Student Debt Relief Update – Protect Yourself From Scams Read More »
For teachers now back in the classroom, a big concern is how much they\’re spending on school supplies. For the first time since the incentive started in 2002, the IRS is increasing the deduction limit for the amount of money teachers spend on school supplies. Teachers will now be able to deduct up to $300 …
School Supplies Tax Deduction – Increased For 2022! Read More »
Time Is Running Out to apply forPublic Service Loan Forgiveness As Teacher, Government Employee, Public Hospital Employee, Charity or if you have worked for a Non-for-Profit for 10 years or more… Even if you are not currently a public employee… Even if you have been declined before… YOU SHOULD RE-APPLY ASAP. Schedule a FREE 15-30 …
Tax Season is approaching and being prepared is essential. Here are important information and tools to help you get ready. Before you meet with your tax advisor to files, schedule a 1 Hour Tax Review Session with Haven Financial Planning.
Do you file your own taxes using TurboTax? Here is some important information for uploading documents as well as frequently asked questions.
Top federal income tax rate graph.
To determine the real rate of return on an investment, one must consider the effect of inflation and taxes on the gross return. Check out the Real Rate of Return Worksheet below.
The American Taxpayer Relief Act of 2012 (ATRA 2012), signed into law by the President on January 2, 2013, makes permanent many of the income and estate tax changes contained in the Economic Growth and Tax Relief Reconciliation Act of 2011, as well as providing ongoing tax relief to a slowly-recovering economy. Learn more about …
A 3.8% tax on \”Net Investment Income\” applies to certain individual taxpayers, estates, and trusts. This tax is in addition to any other federal income tax, including the Alternative Minimum Tax (AMT). Learn more about Individual Taxpayers, Estates and Trusts, and Net Investment Income.
