Tax Tips

How Selling Your Home Can Impact Your Taxes
 

How Selling Your Home Can Impact Your Taxes

Posted: August 2, 2016
Usually, profits you earn are taxable. However, if you sell your home, you may not have to pay taxes on the money you gain. Here are ten tips to keep in mind if you sell your home this year.




Miscellaneous Deductions Can Trim Taxes
 

Miscellaneous Deductions Can Trim Taxes

Posted: August 1, 2016
Many taxpayers claim the standard deduction, but you might pay less tax if you itemize. Here are some IRS tax tips you should know about these deductions.

Tax Rules for Renting to a Relative
 

Tax Rules for Renting to a Relative

Posted: July 28, 2016
When you rent a home to a relative, such as a spouse, child, grandchild, parent, grandparent, or sibling, any day rented at less than the fair rental price is considered a personal use day. To avoid having the rental days considered personal days, the property must be rented at fair market rates and be the renter’s principal residence.

How a Summer Wedding Can Affect Your Taxes
 

How a Summer Wedding Can Affect Your Taxes

Posted: July 20, 2016
With all the planning and preparation that goes into a wedding, taxes may not be high on your summer wedding checklist. However, you should be aware of the tax issues that come along with marriage.