Tax Benefits

Donating to charity is a popular way to help your community. It can also deliver tax savings, but only if you donate to a reputable aid organization. Some donors don’t do their due diligence before contributing. That leaves them on the hook for taxes they thought they were going to avoid. Even worse, their money […]

While owning a home has widely been considered the American dream and one of the best ways to build long-term personal wealth, the tax benefits of buying and owning a home are often overlooked and not considered. There are various different tax benefits available to homeowners that are not available to renters. These tax benefits typically save homeowners thousands of dollars per year in federal income tax liability. While there are many tax incentives available to taxpayers, owning a home is the greatest tax benefit of all.