Ask The Taxgirl: The $10,000 SALT Cap & Vacation Homes
It’s “Ask The Taxgirl.” Today’s question focuses on the $10,000 cap on state and local taxes under the new tax law – and whether it applies to vacation (not rental) property.
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Taxes From A To Z (2014): Y Is For Yacht
Taxes from A to Z (2014): Y is for Yacht.
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11 Tax-Favored Valentine’s Day Gifts For 2013
“Love is much nicer to be in than an automobile accident, a tight girdle, a higher tax bracket or a holding pattern over Philadelphia.” – Judith Viorst, children’s author and tax activist
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Taxes From A To Z: V Is For Vacation Home
V is for Vacation Home. Spring Break is coming up in a few weeks and we’re lucky enough to be able to spend time with my parents in coastal North Carolina where I grew up. Every year that we go down there, I convince myself that I want a vacation home. And I know exactly…
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Ask The Taxgirl: What Qualifies As A Second Home?
Taxpayer says: Last year, my husband came into a little money. He bought a few acres in the middle of the state and put a motor home on it. He plans to build a cabin on it. Since it’s not a second home yet can we get any tax breaks on it? Taxgirl says: Who…
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Suddenly, Being Financially Irresponsible Pays Off!
The House Ways and Means Committee has voted to permanently remove the income tax consequences for homeowners whose debt is partially forgiven by a lender after a foreclosure. The bill is likely to pass the House and Senate, and President Bush has already spoken publicly about his approval of the measure. Great. Now homeowners have…