Tax Strategy Tips & Insights

Top Tax-Efficient Strategies for Investors

Key Points Table of Contents Are you looking to make the most of your investments while minimizing your tax liabilities? Effective tax-saving strategies can play a crucial role in optimizing your returns as an investor. By adopting tax-efficient practices and implementing loss mitigation techniques, you can enhance the profitability of your investment portfolio. Investors often

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Insider Insights: How to Optimize Your Rental Property Portfolio for Tax Efficiency

Key Points Table of Contents Are you looking to maximize the financial potential of your rental property portfolio and minimize your tax obligations? Understanding how to optimize your rental property investments for tax efficiency can make a significant impact on your bottom line. Effective tax planning in real estate investment is crucial for both short-term

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A Real Estate Professional Illustration

Real Estate Professional Status For Tax Purposes: How to Qualify

Key Points Table of Contents Are you a real estate professional? Maintaining real estate professional status (REPS) can provide relief from the 3.8% net investment income tax and allow you to deduct rental property losses against ordinary income. However, there are some caveats to being a real estate professional, especially in the participation and documentation

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Passive vs Active Income: Know the Difference and Why You Want Both?

Key Points Table of Contents By now, we’ve all heard finance gurus talking about reaching financial freedom with passive income. What really is passive income? How do you generate passive income, and how is it taxed? These are a few of the questions that might be floating around in your head. At the most basic

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Home Office Deductions and Accountable Plans

Key Points Table of Contents Over the past few years, the business world has seen a major shift to a remote workforce. Pre-pandemic, 17% of the US workforce held remote positions. This number jumped up to 44% during the pandemic, with many employers continuing to support a remote workforce. While you may have never heard

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Earning Money Concept US Tax Made eZ:

Understanding S Corp Reasonable Compensation

Key Points Table of Contents Business owners often make the switch from a sole proprietorship to an S corporation to take advantage of numerous tax benefits, like lower self-employment taxes. However, S corporations are subject to more scrutiny when it comes to paying owners, meaning you need to be careful about how you pay yourself

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Maximize Homeowner Tax Benefits: 8 Deductions, US Tax Made eZ

8 Tax Deductions for Homeowners: Maximizing Your Breaks and Benefits

Key Points Table of Contents Owning a home can be expensive. Rising interest rates and inflation push up purchase prices, so tax time is the perfect opportunity to put hard-earned money back into your pocket for certain home expenses. Part of the American Dream is owning a home, which is why the government heavily incentivizes

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Tax Strategies and Concept Illustration

7 Tax Strategies & Concepts: The Art of Reducing Tax Liability

The Key Points Table of Contents Filing your taxes can seem overwhelming, especially with dozens of decisions. However, taking the time to analyze your tax situation and find useful tax incentives is important to reduce your tax bill when it comes time to file. Here are 7 common tax strategies and concepts you should know

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