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5 Best Tax Deductions for Timeshares
A timeshare is not only a great opportunity to get away for a while, but it can also be a wonderful investment. Not only does your timeshare qualify for some of the same types of deductions that other property would get you, but there are also some specific types of...
The Future of the Tax Cuts and Jobs Act
If the next Presidential election were held today, the Republicans might like their odds very much. In Presidential elections, most voters care little or nothing about things like immigration policy and trade tariffs. They really only care about jobs and the economy....
How Annuities Are Taxed
How Are Annuities Taxed?Like any source of income, annuities are subject to income tax. However, annuities are tax-deferred, meaning they are only subject to income tax when funds are withdrawn from the annuity account. This is advantageous for annuitants (people who...
Breaking Down the New Mortgage Deduction Rules
Homebuying and homebuilding are good for the economy. That fact, and not lawmakers’ desire to give working families a break, is what makes the mortgage interest deduction a sacred cow. The government sees the deduction as something of a reverse stimulus. By...
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