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A non-government website
In today’s economy, landlords and tenants often deal with tenant buyouts, especially in high-demand areas. A tenant buyout happens when a landlord pays a tenant to leave, making room for updates, higher rent, or selling the property. This brings up…
Are temple dues tax deductible? It’s a question many ask in today’s world. Knowing if your donations can help your finances can feel like a miracle. For instance, the Angelus Temple in Los Angeles is a 501(c)(3) non-profit. This means…
The thrill of a live sports game is unmatched – the roar of the crowd, the excitement of a last-minute touchdown, and the smell of nachos. But, think twice before writing off season tickets on your taxes. The IRS has…
Selling a property can lead to unexpected costs. Realtor commissions, government fees, and closing costs add up fast. Seller credits, or concessions, are a big part of these expenses. But, you might wonder: are these credits tax-deductible? This guide will…
Are you wondering if your Rotary Club dues can help lower your taxes? The answer is, it depends. In the United States, Rotary clubs get a special tax-exempt status from the IRS. It’s important for Rotarians to know about this…
Are you looking to cut down your energy bills? You’re in luck! The Inflation Reduction Act of 2022 offers tax deductions for replacing windows and other energy-saving home upgrades. Homeowners can get a 30% tax credit on eligible window replacements,…
Are you improving your musical skills? Tax savings can get a bit tricky. The IRS usually sees music lessons as a hobby, not a way to save on taxes. If you’re not making money from your music, you won’t get…
Did you know you might be able to deduct your bridge tolls from taxes? With tough times, saving every penny matters. If you run a business or travel for charity, understanding how to deduct bridge tolls could help you save…
Starting a surrogacy journey can be tough on your wallet and heart. Figuring out the tax rules is a big challenge for parents-to-be. Are you wondering if you can deduct surrogacy costs? The IRS has rules that might help lighten…
When tax season comes, finding ways to lower your tax bill is a big help. If you’ve used VA loans, you might ask: can you deduct VA funding fees? The rules for VA loan tax deductions are complex, especially for…
