Category: Tax Relief Tips

person doing measurements, symbolizing what you need to do when converting your primary residence to a rental property

Tax Implications of Converting Your Primary Residence to a Rental Property

With the housing market being as it is, it has never been more profitable to rent out your place. This…

a stack of tax forms and a post it with "need help?" on it representing tax tips for money-making hobbies

Tax Tips for Money-Making Hobbies

Making some money from your hobby is a fantastic feeling, all until you realize that you need to claim that…

stocks and taxes on stocks

Taxes on Stocks: What You Have To Pay and How To Pay Less

Investing in stocks is quite popular these days. The potential for profit is large and a savvy investor can make…

tax paperwork

10 Ways to Avoid a Tax Audit

If you are running a business, small or large, you never want to be a target of an IRS tax…

person researching student loan forgiveness

Student loan forgiveness – everything you need to know

Being a student these days is extremely expensive. That is why many students are all but forced to take a…

airbnb room

Tax rules for Airbnb rentals

Many people utilize Airbnb to rent out their property as a means of getting some additional income. As with every…

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Borrowing money from IRA – everything you need to know

Borrowing money from your IRA might seem like a good idea if you desperately need the funds at a given…

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Roth vs Traditional IRA – which is the better choice?

The U.S. government provides tax-advantaged programs for individual retirement accounts (IRAs). There are two main options - A traditional IRA…

person and their child, exploring tax breaks for single parents

Guide to tax breaks for single parents

Being a single parent is unbelievably hard. Aside from making sure that your kid(s) grow up to be decent human…

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Hospitality industry tax deductions worth exploring

Almost every industry has its own, special, tax deductions. The hospitality industry is no exception. However, proper tax management can…