Do you want to make the switch to an electric vehicle? Are you purchasing solar panels for your home? Is it time for your business to switch to renewable energy? The Inflation Reduction Act of 2022 makes all of these green choices easier on your wallet. Read our article to find out what you could be saving on.
Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it’s better to be an owner, rather than a renter, from a federal income tax perspective. Home Sale Gain Exclusion If you…
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Are you considering selling your vacation home? Are you worried about the tax hit on your profits? Fortunately, the limited federal income tax gain exclusion break CAN apply to vacation homes in some cases.