Category: Education Planning

For homeowners seeking to sell their houses, the tax law allows for a certain portion of the gain to be excluded from taxable income, saving

Article Highlights: Marriage  Buying a Home  Having or Adopting Children  Getting Divorced  Death of Spouse  Throughout your life there will be certain significant occasions that

First-time homeowners should make themselves familiar with authorized deductions, and programs that can assist with home ownership and that can be beneficial. When it comes

Article Highlights: 100% Business Primarily Vacation Primarily Business Special Circumstances Foreign Conventions, Seminars, and Meetings Cruise Ships Spousal Travel Expenses This credit goes all the

Article Highlights: 100% Business Primarily Vacation Primarily Business Special Circumstances Foreign Conventions, Seminars, and Meetings Cruise Ships Spousal Travel Expenses Many taxpayers don’t feel the

Many people move during the summer. Taxpayers who are selling their home may qualify to exclude from their income all or part of any gain

Article Highlights: Sale of a Rental Property Converted to a Personal Residence Exclusion of Gain on Sale of Personal Residence – The Ownership and Use

Article Summary: Home Sale Exclusion Primary Residence Second Home Fixer-upper Rental With careful planning, and provided you follow the rules, the tax code allows you

The IRS issued Notice 2023-59 regarding the requirements for home energy audits for taxpayers who want to include the audit cost when claiming the energy-efficient

When the sales price, net of selling expenses, is more than the cost of an individual’s primary home the resulting gain would be taxable if